Bon Se­cours posts lower op­er­at­ing in­come amid out­pa­tient shift

Modern Healthcare - - REGIONAL NEWS - —Dave Barkholz

Bon Se­cours Health Sys­tem saw its op­er­at­ing in­come dip in the past nine months as it pre­pares for in­creas­ing out­pa­tient busi­ness and pop­u­la­tion health man­age­ment re­turns.

The 19-hos­pi­tal Catholic sys­tem based in Mar­riottsville, Md., posted op­er­at­ing in­come of $58.1 mil­lion on rev­enue of $2.5 bil­lion for the nine months ended May 31, ac­cord­ing to Bon Se­cours’ lat­est fi­nan­cial dis­clo­sure. That com­pares with op­er­at­ing in­come of $81.3 mil­lion on rev­enue of $2.4 bil­lion in the same pe­riod last year.

Strong in­vest­ment re­turns more than cov­ered the op­er­at­ing de­cline. Bon Se­cours posted an in­vest­ment gain of $74.6 mil­lion dur­ing the pe­riod com­pared with an in­vest­ment loss of $15.3 mil­lion in the year-ear­lier nine months. This year’s gain helped the not-for-profit sys­tem achieve a net sur­plus of $105.1 mil­lion com­pared with $33.8 mil­lion in the year-ago pe­riod.

Out­pa­tient vol­ume across the sys­tem rose 2% to 729,793 vis­its from 716,410 in the year-ago nine months, while hos­pi­tal dis­charges fell slightly to 75,722 from 76,058, the sys­tem re­ported.

Bon Se­cours op­er­ates in Florida, Ken­tucky, Mary­land, New York, South Carolina and Vir­ginia.

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