Milwaukee-based Froedtert Health saw operating income and net income increase in the first quarter of fiscal year 2018 despite climbing expenses.
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.