The health system attributed the decrease to the decline in net gain from the Florida Supplemental Low-Income Pool payment program.
The health system saw total revenues of $1.8 billion for the quarter ended March 31, a 16.3% increase over the same period last year. Net patient revenue increased 12.4%. Adult admissions increased 16.4% and emergency room visits increased 10.1% year over year.
Total expenses for the quarter were $1.6 billion, an 18.5% increase over the same period last year. Orlando Health attributed increased volume and increases in supply and labor costs.
The system posted a net income of $328.9 million in the quarter, up from $233.3 million posted over the same period in 2023.
For the six months ended March 31, the system had an operating income of $247.7 million, up from $213.3 millipn over the same period in 2023. Six-month net income was $663.7 million, up from $498 million.
