Marriottsville, Md.-based Bon Secours Health System reported higher revenue and operating income in the second quarter of fiscal year 2018 than in the same period of the year prior.
Bon Secours said total operating revenue was up 1.2 percent in the second quarter of fiscal year 2018 compared to the same period of fiscal 2017. After factoring in expenses, Bon Secours ended the second quarter of fiscal year 2018 with operating income of $44.6 million, up from $34.2 million in the same period of the year prior.
The system's financial gains were fueled by growth in patient volumes, including a 4 percent year-over-year increase in outpatient visits, and revenue cycle improvements.
Bon Secours ended the second quarter of fiscal year 2018 with a 2.7 percent operating margin, compared to a 2.1 percent operating margin in the second quarter of the year prior.
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