Virginia health system cuts salary expenses as supply costs remain high

Winchester, Va.-based Valley Health System was able to cut some of its salary and benefits expenses during the second quarter while reporting operating income of $14.9 million for the period.

While salary and benefits expenses were down almost 4 percent to total $245.4 million in the second quarter, supply expenses rose approximately 18 percent on the previous year.

Overall expenses totaled $613.7 million, up 5.7 percent, while revenues totaled $628.6 million.

The six-hospital system was able to boost its operating income with solid gains on investments to total a net income for the quarter of $48.2 million compared with a net loss of $84.8 million in the same period of 2022.

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