Four things to know:
1. VUMC reported operating revenues of $2.17 billion in the six months ended Dec. 21, up from $2.01 billion in the same period a year earlier. The boost was largely attributable to higher net patient service revenue, which climbed 8 percent year over year.
2. VUMC’s operating expenses increased 6 percent year over year to $2.1 billion in the six months ended Dec. 31.
3. VUMC ended the six-month period with operating income of $73.89 million, up from $30.63 million in the six months ended Dec. 31, 2018.
4. “Our YTD FY19 operating results reflect our focus on increases [in] net patient service revenue while continuing to tightly manage our variable and fixed costs, which is evidenced by the fact that expenses grew at a rate of 6 percent while revenue and net patient revenue grew at 8 percent,” VUMC said in the financial documents. “In addition to the significantly improved operating performance, the balance sheet has improved year over year.”
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