Methodist Health System, a 10-hospital, nonprofit system based in Dallas, saw its financial picture improve in the first quarter of fiscal year 2018, which ended Dec. 31.
The health system recorded revenues of $417.5 million in the first quarter of fiscal 2018, up from $397.7 million in the same period the year prior. Methodist Health System management attributed the increase in revenues to several factors, including patient volume growth and rate increases. The system said the number of inpatients, excluding observation and newborns, grew 24.3 percent year over year.
Methodist Health System's operating expenses totaled $372.2 in the first quarter of fiscal year 2018, up 2.7 percent from the same period of the year prior. The system said many factors, including patient volume growth and costs associated with Epic software implemented in April 2017, caused expenses to rise year over year.
The health system ended the first quarter of fiscal year 2018 with operating income of $45.3 million, up 29 percent from $35.2 million in the same period a year earlier.
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