Ascension posts $279.8M operating surplus

St. Louis-based Ascension reported an operating surplus of $279.8 million on $5.3 billion in revenue for the quarter ended Dec. 31, 2014.

Those results are a significant improvement from the $201.1 million operating surplus on $5.1 billion in revenue for the same period of 2013.

Ascension's net patient revenue grew to $5.1 billion in the three months ended Dec. 31, 2014, up from $4.8 billion in the comparable period of the prior year.

However, with a $107.8 million loss on its investments, the system's net surplus for the three months ended Dec. 31, 2014 was $114.8 million, down from $571.4 million for the same period of the preceding year.

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