The health system reported operating revenues of $2.2 billion in the first half of 2020, down from $2.3 billion in the same period last year. As of Aug. 24, Texas Health Resources had received $165.5 million in relief aid made available under the Coronavirus Aid, Relief and Economic Security Act. The system recognized $94.7 million of those funds as other operating revenue during the six months ended June 30.
The system’s expenses remained nearly flat year over year, and it ended the first half of 2020 with an operating loss of $45.6 million. In the same period last year, the system reported operating income of nearly $109 million.
After factoring in nonoperating items, Texas Health Resources posted a net loss of $157.4 million in the first half of this year. That’s compared to the first six months of 2019, when the system reported net income of $703.4 million.
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