Duke University Health System reported higher revenues in the six months ended Dec. 31 than in the same period of the year prior, but the Durham, N.C.-based health system ended the period with a net loss, according to recently released unaudited financial documents.
Four things to know:
1. Duke University Health System reported revenues of $1.9 billion in the first two quarters of fiscal 2019, up slightly from $1.8 billion in the same period a year earlier.
2. The health system's expenses climbed 5.6 percent year over year to $1.7 billion in the first half of fiscal 2019.
3. Duke University Health System ended the first two quarters of the current fiscal year with operating income of $146.1 million, up from $123.1 million in the same period of fiscal 2018.
4. After factoring in nonoperating items, including a $61 million loss on investments, Duke University Health System ended the first two quarters of fiscal 2019 with net income of $89.8 million. The system reported net income of $262.3 million in the first half of fiscal 2018.
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