The system’s improved operating margin was partially attributable to an increase in volume in the first half of its fiscal 2015. A $65.3 million increase in premium revenue also contributed to Trinity’s revenue growth.
However, some of Trinity’s revenue gains were offset by a $27.8 million decrease in meaningful use revenue.
Trinity took a hit on its investments in fiscal 2014, with its nonoperating investment income falling by $422.1 million compared to the same period of the previous year.
The system posted net income of $241.9 million for the first half of its fiscal year 2015, down from $689.9 million for the same period in fiscal 2014.
More articles on healthcare finance:
Geisinger admissions rise, net income falls
Moody’s to join EMMA later this year
CMS launches network to facilitate Medicare payment overhaul
Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit