The Dallas-based health system drew $728 million in profit in the nine months ended March 31, a 16% increase from the same period in 2017, and already surpassing the $630 million in profit the system generated in all of its fiscal 2017, which ended June 30, 2017.
Not-for-profit Baylor Scott & White’s income from operations of $494 million in the nine months ended March 31 was up 44.2% from the same period in 2017, in which it was $342 million. The health system’s operating margin rose during that time to 6.9%, up from 5.1% in 2017.
Baylor Scott & White’s earnings before interest, taxes, depreciation and amortization increased 29% to $998 million.
The system’s inpatient admissions increased by only 1.2% to nearly 179,000 during the nine-month period ended March 31 compared to the same period in 2017, while patient days, occupancy and length of stay all saw slight declines during that time. Emergency room visits increased about 3%, and outpatient surgeries increased 3.4%.
Tara Bannow covers hospital finance for Modern Healthcare in Chicago. She previously covered all aspects of healthcare for the Bulletin, a daily newspaper in Bend, Ore. Prior to that, she covered higher education for the Iowa City Press-Citizen. She earned a bachelor’s degree in journalism in 2010 from the University of Minnesota.