Here are four things to know about the system’s most recent quarter.
1. The system reported operating income of $30.1 million in the three months ended Sept. 30, according to unaudited financial documents. That is up 70.3 percent from operating income of $17.7 million reported in the same period a year prior. Froedtert’s operating margin also increased year over year in the first quarter, up from 3.4 percent last year to 5.4 percent this year.
2. The system saw a year-over-year 6.2 percent increase in inpatient volume and a 4.7 percent increase in outpatient volume contribute to first quarter earnings. In addition, Froedtert said a stabilized payer mix boosted operating results.
3. Froedtert’s revenue grew 8 percent year over year in the first quarter of this year to $558.7 million. At the same time, the system’s expenses rose nearly 6 percent to $528.6 million, due in part to higher labor and supplies costs.
4. Overall, Froedtert recorded net income of $78.9 million in the first quarter of this year, compared to $62.3 million in the same period a year prior.
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