Trinity Health more than doubles operating income in first 9 months of FY 2017: 3 things to know

Livonia, Mich.-based Trinity Health reported operating income before adjustments of $201.8 million in the first nine months of fiscal year 2017, up from $77.6 million in the same period a year prior, according to unaudited financial documents.

Here are three things to know about the health system's financials.

1. The nonprofit 93-hospital system saw its operating margin increase to 1.5 percent in the nine-month period ended March 31, up from 0.6 percent in the same period of fiscal year 2016. Trinity Health attributed the change to increases in patient volume and improvements in service mix, payment rates, length of stay and productivity.

2. The system reported revenue of $13.1 billion in the period, compared to $12.1 billion in the same period a year prior. Excluding Trinity Health's Connecticut acquisitions, the system said the increase reflected volume growth and improved payment rates and service mix. 

3. Trinity's acquisitions and higher labor expenses caused its operating expenses to increase year over year by 8 percent for the first nine months of fiscal year 2017. Total operating expenses grew from $12 billion in the first nine months of fiscal year 2016 to $12.9 billion for the same period of fiscal year 2017.  

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