Presbyterian Healthcare Services operating margin increases to 8.8%

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Albuquerque, N.M.-based Presbyterian Healthcare Services reported an 8.8 percent operating margin for the second quarter of fiscal year 2015, up from a 6.5 percent operating margin in the same period a year ago.

The system reported revenue of nearly $731 million for the second quarter of FY 2015, up from revenue of $658.3 million in the same period of last year. That boost was largely driven by increased net premium revenue from the system's health plan — Presbyterian Health Plan.

The health plan covered 205,553 individuals under the Medicaid managed care program known as Centennial Care as of June 30, up from 180,732 members at June 30, 2014.

PHS also benefitted from an 8.8 percent increase in net patient service revenue.

For the three-month period that ended June 30, PHS' operating income increased to $64.4 million, up from $42.7 million in the same period of 2014.

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