Novant had a $15 million increase in revenues, bringing in close to $900 million in operating revenue in the first quarter. The health system also had a more than $40 million rise in expenses in the first quarter, according to a Triad Business Journal report.
Over the last several years, Novant has steadily posted operating gains. During the first quarter of 2013, Novant posted a $79.1 million profit from operations and investments. The health system ended 2013 with a net profit of $273 million, according to the report.
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