Bryn Mawr, Pa.-based Main Line Health's profit margin hit a five-year low in the nine months that ended March 31, according to The Philadelphia Inquirer.
In the past three years, Main Line Health saw steady decreases in profit margins — a trend that continued into fiscal year 2017. The system reported a profit margin of 2.4 percent for the nine-month period that ended March 31, which it attributed to a rise in expenses, variable inpatient volume and unsteady reimbursement rates.
The system recorded an operating income of $30.26 million on revenue of $1.26 billion in the nine months that ended March 31. In the same period of the year prior, Main Line Health reported an operating income of $71.33 million on revenue of $1.24 billion.
By fiscal year 2020 the system aims to increase revenue and decrease spending under its Performance Excellence 2020 program, according to the report.