Oklahoma City-based Integris saw its operating results improve in the first half of its most recent fiscal year; however, investment losses pulled down the nonprofit health system's bottom line, according to unaudited financial documents.
For the six months ended Dec. 31, 2018, Integris posted operating revenue of $932 million, up 13 percent from the same period a year prior. Integris said its acquisition of Oklahoma City-based AllianceHealth Deaconess from Franklin, Tenn.-based Community Health Systems, as well as two joint ventures, led to increased patient volumes. As a result, net patient revenue per adjusted discharge increased by 3.2 percent.
At the same time, expenses during the most recent six-month period grew by 11.8 percent to $923 million, largely driven by the new ventures. Integris also reported operating income of $9.4 million in the six-month period in 2018, up from a $672,000 operating loss reported in the same period a year prior.
For the most recent six-month period, Integris posted a nonoperating loss of $59.1 million, compared to nonoperating revenue of $41.6 million in the same period a year earlier. The decrease primarily reflected a $50.2 million loss on investments. After factoring in nonoperating results, Integris ended the most recent six-month period with a $49.6 million net loss, compared to net income of $40.9 million for the prior period.
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