Financial updates from 9 health systems

The following nine health systems and for-profit hospital operators recently released their financial statements for the three-month period that ended Sept. 30.

1. UPMC reported revenues of $3.1 billion in the third quarter of fiscal year 2015, up 9.5 percent from the same period of last year. The Pittsburgh-based health giant posted operating income of $72 million, down 22 percent from the same period of 2014.  

2. King of Prussia, Pa.-based Universal Health Services reported revenues of $2.2 billion in the third quarter of fiscal year 2015, up 9.3 percent from a year earlier. UHS saw its net income jump 81.5 percent year over year, increasing to $150.2 million in the third quarter of FY 2015.

3. Rochester, Minn.-based Mayo Clinic reported revenues of $2.5 billion in the third quarter of fiscal year 2015, up 5 percent from the same period of last year. Mayo ended the third quarter with operating income of $120 million, down from $205 million in the same period a year ago.

4. Franklin, Tenn.-based Community Health Systems reported revenues of $4.8 billion in the third quarter of fiscal year 2015, an increase of 1.4 percent over the same period the year prior. CHS posted net income of $52 million in the third quarter of FY 2015, down 16.1 percent from a year ago.

5. Ascension Health reported revenues of nearly $5.2 billion for the quarter that ended Sept. 30, up 1.6 percent from the same period in 2014. The St. Louis-based health system posted operating income of $112 million for the period, down 5.3 percent from the same quarter a year ago.

6. Dallas-based Tenet Healthcare saw its revenue increase 12.4 percent in the third quarter of fiscal year 2015 to $4.7 billion. Tenet reported a net loss of $29 million for the third quarter of FY 2015, compared to net income of $9 million in the same period a year ago.

7. Oakland, Calif.-based Kaiser Permanente reported its third-quarter revenue increased nearly 7 percent year over year. The health system ended the third quarter of fiscal year 2015 with a $115 million net loss, a significant change from the net income of $997 million it posted in the same period of last year.

8. Nashville, Tenn.-based Hospital Corporation of America reported revenues of $9.9 billion for the third quarter of fiscal year 2015, up 6.9 percent from the same period last year. HCA posted net income of $449 million, down from $518 million in the third quarter of FY 2014.

9. Brentwood, Tenn.-based LifePoint Health reported revenues of $1.3 billion in the third quarter of fiscal year 2015, up 12.3 percent from the same period a year ago. LifePoint ended the third quarter with net income of $43.6 million, up 58.5 percent from the same period of last year.

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