Livonia, Mich.-based Trinity Health reported operating income of $290 million for the nine months that ended March 31, up from $212.5 million for the same period a year ago, while the system's net income plummeted, according to Trinity's recently released unaudited quarterly report for the third quarter of fiscal 2015.
The system's revenue boost was largely attributable to an increase in net patient service revenue, which was up 6.8 percent in the third quarter of fiscal 2015, compared to the same period of last year.
Trinity Health reported a $370.6 million gain related to nonoperating items for the third quarter of fiscal 2015, down 88.8 percent from the same period of last year. That decline led the system to post net income of $345.9 million for the nine months that ended March 31, down 57 percent from the comparable period of 2014.
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