San Diego-based Sharp HealthCare's operating margin fell to 8.3 percent in its first quarter of fiscal 2015, down from an 8.5 percent operating margin for the same period of the previous year.
For the first quarter, which ended Dec. 31, 2014, Sharp posted an operating surplus of $57.2 million on $688.1 million in revenue compared to a $56.3 million operating surplus on $659.6 million in revenue for the same period of the preceding year.
Sharp reported net patient service revenue of $442.9 for the quarter compared to $412.8 million for the same period of 2013.
The five-hospital system reported operating expenses of $600.7 million for the period ended Dec. 31, 2014, up from $574 million for the same period of the previous year. The system's supply costs were up 3.1 percent, primarily due to increased pharmaceutical expenses.
Sharp's total admissions for the quarter were 19,917, down slightly from 20,229 for the same period of the preceding year.
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