The following nine health systems recently released their financial statements for the three-month period ended June 30:
1. Minneapolis-based Allina Health reported revenues of $1.07 billion in the second quarter of this year, up from $1.01 billion in the same period of 2017. The boost was attributable to higher net patient service revenue, which climbed 6.4 percent year over year. Allina ended the second quarter of this year with operating income of $13.1 million. That's down 45 percent from the first quarter of 2017, when the system reported operating income of $23.9 million.
2. Springfield, Mo.-based CoxHealth saw revenues climb 4.3 percent year over year to $1 billion in the quarter ended June 30. The health system ended the three-month period with operating income of $24 million, down from $30 million in the same period a year earlier.
3. Oakland, Calif.-based Kaiser Permanente reported revenues of $19.6 billion for its nonprofit hospital and health plan units in the second quarter of 2018, up 8 percent from revenues of $18.1 billion in the same period a year earlier. The boost was attributable, in part, to the system's health plan unit. In the first half of 2018, Kaiser added 453,000 health plan members. Kaiser reported operating income of $345 million in the second quarter of this year, down 47 percent from $656 million in the same period of 2017.
4. Rochester, Minn.-based Mayo Clinic recorded revenues of $3.1 billion in the quarter ended June 30, compared to $3 billion in the same period of the year prior. Mayo Clinic ended the second quarter of 2018 with operating income of $159 million, down 7.6 percent from operating income of $172 million in the same period of 2017.
5. Evanston, Ill.-based NorthShore University HealthSystem reported revenues of $530.5 million in the three-month period ended June 30, up from $514.5 million in the same period of the year prior. The health system ended the third quarter of fiscal 2018 with operating income of $36.7 million, more than double the $16.9 million in operating income it posted in the same period a year earlier.
6. Louisville, Ky.-based Norton Healthcare recorded revenues of $566.5 million in the three months ended June 30, up from $525.5 million in the same period a year earlier. The boost was attributable to growth in net patient service revenue due to higher patient volumes. Norton ended the second quarter of 2018 with operating income of $27.3 million, up 43 percent from $19 million in the same period of the year prior.
7. In the quarter ended June 30, Orlando (Fla.) Health recorded revenues of $1 billion, up from $690.2 million in the same period of the year prior. The health system ended the third quarter of fiscal 2018 with operating income of $117.9 million, up 51 percent from $78.1 million in the same period of 2017.
8. Boston-based Partners HealthCare saw operating revenues decline 3 percent year over year to $3.3 billion in the third quarter of fiscal 2018. Partners ended the third quarter of fiscal 2018 with operating income of $91 million. That's compared to the third quarter of fiscal year 2017, when the health system posted operating income of $50.4 million.
9. San Diego-based Scripps Health recorded revenues of $727.1 million in the third quarter of fiscal 2018, which ended June 30. That's compared to the third quarter of fiscal 2017, when Scripps reported revenues of $659.7 million. The boost was primarily attributable to higher patient volumes and an increase in provider fee revenue. The health system ended the third quarter of fiscal 2018 with operating income of $11.5 million, compared to operating income of $5.6 million in the same period a year earlier.
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