The health system recorded a net income of $17.3 million in the first half of 2020, down from $108.7 million in the same period in 2019.
HealthPartners saw its revenue hit $3.3 billion through the six months ended June 30, a decrease of 4.9 percent from the $3.4 billion recorded in the same six month period in 2019.
The health system said its health service revenue decreased $227 million in the first half of 2020, compared to last year, due to decreases in patient volumes related to the COVID-19 pandemic.
The system’s expenses decreased to $3.2 billion in the first half of 2020. This compares to $3.4 billion in the first half of 2019.
The health system said it was able to cut health services salary and employee benefit expenses by $74.2 million in the first half of 2020, and also saw a decrease in supply costs and other expenses of $64.6 million.
Overall, the system ended the first half of 2020 with an operating income of $25.9 million, compared to an operating loss of $12.4 million in 2019.
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