Texas Health Resources' net income soars more than 70% in Q1

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Arlington-based Texas Health Resources reported its operating revenue jumped to $978.4 million in the first quarter of fiscal 2015, up nearly 3.9 percent from the same period a year ago, as more patients came to the system's facilities for care.

The system's expenses increased to $934.5 million in the first quarter, up from $907.7 million in the comparable period of 2014, according to the system's recently released unaudited financial statement. Expenses related to salaries, wages and employee benefits increased 4.6 percent in the first quarter, more than any other category of Texas Health Resources' expenses.

The system ended the quarter with operating income of $43.9 million, compared to $34.4 million in the same period of last year.

Texas Health Resources' positive financial picture was attributable partially to an increase in patient volume, with first-quarter inpatient discharges up 3.2 percent from the same period of last year.

After accounting for a 90.1 percent increase in the system's nonoperating gains in the first quarter of fiscal 2015, Texas Health Resources reported net income of $104.2 million, up nearly 70.6 percent from the same period a year ago.

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