Here are three things to know about the nonprofit health system’s three months ended Dec. 31, 2017, according to recent financial filings.
1. MedStar generated $1.39 billion in net operating revenue in the second quarter of 2018, up 1.9 percent from the same period a year prior. Increases in net patient revenue contributed to the incline. At the same time, MedStar kept its operating expenses in check at $1.37 billion, up 1.2 percent year over year.
2. The health system saw operating income climb 60.1 percent to $26.1 million in the second quarter of 2018, up from operating income of $16.3 million during the same period in 2017. MedStar attributed the favorable results to higher-than-anticipated net patient revenue growth and expenses staying within the budget.
3. Including nonoperating gains, MedStar ended the second quarter of 2018 with net income of $80.4 million, reflecting a $62 million increase compared to the second quarter of fiscal year 2017.
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