Brentwood, Tenn.-based LifePoint Hospitals reported its revenue and profits increased in the first quarter of fiscal 2015, as the for-profit hospital operator's facilities saw more patients.
Here are five things to know about LifePoint's first-quarter financials.
1. LifePoint reported revenue of nearly $1.3 billion, up from $1 billion a year ago.
2. The system reported net income of $38.9 million, up from $37.1 million for the same period of fiscal 2014.
3. Admissions at LifePoint's hospitals increased 17.3 percent in the first quarter of fiscal 2015 compared to the same period of fiscal 2014, and when adjusted for outpatient activity, admissions were up 23.2 percent.
4. Emergency room visits at LifePoint's facilities increased 22.4 percent in the first quarter of fiscal 2015 compared to the same period of the previous year.
5. "Our results demonstrate the effectiveness of our efforts to drive growth both organically and through acquisitions," said William F. Carpenter III, chairman and CEO of LifePoint. "Improved volumes, effective cost management and the benefits of healthcare reform were significant contributors to our results in the first quarter."
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