Outpatient surgeries boost Boston Medical Center revenues 8.2% in Q4

Due to a higher number of surgeries, Boston Medical Center's net patient revenue increased 8.2 percent to $265 million for the quarter that ended Dec. 31, according to the Boston Business Journal.

During the quarter, the hospital saw increases across the board. Boston Medical Center had a higher number of emergency room visits, and its total surgeries tally grew by 144 cases to a total of 5,480. The increase is primarily attributed to higher outpatient surgeries.

Boston Medical Center's operating income isn't faring as well. From the first quarter of fiscal year 2015 to this point in the first quarter of fiscal year 2016, the hospital's operating income has dropped 74.5 percent from $13.7 million to $3.5 million.

Richard Silveria, the hospital's CFO and senior vice president of finance, attributed fiscal year 2015's high operating income to a number of factors, including savings from a reserve that was initially used for the upkeep of three buildings, which were sold in 2015.

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