The following five health systems recently released their financial statements for part of fiscal year 2017.
1. Burlington, Mass.-based Lahey Health reported a 1.3 percent year over year increase in operating revenue to $1.01 billion in the first six months of fiscal year 2017. After accounting for expenses, the system posted a $37.3 million operating loss in the six months ended March 31, widening a $3.3 million loss in the same period a year prior.
2. Providence, R.I.-based Lifespan increased its revenue in the first six months of 2017 compared to the same period a year prior, from $1.01 billion to $1.06 billion. For the six months ended March 31, Lifespan also grew its operating income to $7.8 million compared to a $3.7 million operating loss during the same period in 2016.
3. Bryn Mawr, Pa.-based Main Line Health recorded revenue of $1.26 billion in the nine months that ended March 31, compared to revenue of $1.24 billion in the same period of the year prior. The system recorded an operating income of $30.3 million, down from $71.3 million posted in the same period a year prior.
4. New Hyde Park, N.Y.-based Northwell Health saw revenue increase by $199.6 million, or 8.4 percent, year over year in the first quarter of fiscal year 2017. After accounting for expenses, Northwell ended the first quarter of fiscal year 2017 with an operating loss of $36.2 million, compared to an operating gain of $29.4 million in the same quarter of fiscal year 2016.
5. New Bedford, Mass.-based Southcoast Health System's revenue fell to $480.9 million in the six-month period ending March 31, down from $487.6 million in the same period of fiscal year 2016. Southcoast ended the first half of fiscal year 2017 with an operating loss of $19.3 million, compared to an operating loss of $9.8 million in the same period of the year prior.