The system saw total operating revenues of $1.2 billion for the three months ended March 31, according to the report. That’s up from total operating revenues of $1.1 billion in the same quarter last year. Patient service revenues increased 12.8% year over year to $1.1 billion.
Total operating expenses were $1.2 billion for the quarter, up from $1.1 billion over the same period in 2023. Salaries and wages increased 1.6% to $443.2 million. Supply expenses rose 8.8% to $241.2 million. Other expenses increased 39.2% to $193.9 million.
Net income for the quarter was $70 million, compared to $69.9 million in the same quarter last year.
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.