Dallas-based Baylor Scott & White Health saw revenue and operating income rise in the first six months of fiscal year 2018, which ended Dec. 31, 2017.
The health system's operating revenue climbed 7.2 percent year over year to $4.8 billion in the first half of fiscal year 2018, according to recently released unaudited financial documents.
Although higher patient volumes caused Baylor Scott & White's net patient service revenue to rise year over year, the health system said premium revenue was down 13.5 percent in the first six months of fiscal year 2018 due to its decision to exit the individual ACA public exchange market.
After factoring in a 3.6 percent year-over-year increase in operating expenses, Baylor Scott & White ended the first six months of fiscal year 2018 with operating income of $383.4 million. That's up 80.3 percent from the first six months of fiscal year 2017, when the health system reported operating income of $212.5 million.
Baylor Scott & White saw nonoperating gains rise year over year, and the health system ended the first half of fiscal year 2018 with net income of $595.5 million, compared to $389.4 million in the same period of the year prior.
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