For the quarter ended March 31, Scripps’ operating revenue hit $874.6 million, a decrease of 2.8 percent from the same quarter one year prior. Scripps said the revenue decrease was primarily driven by a $72 million dip in provider tax revenue and an $11.5 million decrease in capitation premium revenue.
Operating expenses increased 3.1 percent to $879.6 million in the three-month period ended March 31, which Scripps attributed to an increase in paid full-time employees, supply costs and physician services expenses.
The health system posted a $4.8 million operating loss in the second quarter of fiscal year 2021. In the same quarter one year prior, the health system had an operating income of $47.1 million.
After factoring in investment gains and other nonoperating items, Scripps ended the second quarter of fiscal 2021 with a net income of $99.6 million. In the same quarter last year Scripps recorded a net loss of $296 million.
