Becker's Healthcare November 25, 2024
Livonia, Mich.-based Trinity Health posted an operating income of $36.7 million (0.6% operating margin) in the first quarter of fiscal 2025, up from an operating loss of $58.6 million (-1% margin) over the same period last year, according to its Nov. 22 financial report.
The system reported operating revenue of $6.2 billion for the three months ended Sept. 30, a 10.2% increase over the same period last year. Net patient revenue increased 9.9% year over year to $5.3 billion. The increase in net patient service revenue was attributed to improvement payment rates — which included $132.2 million for new Medicaid provider tax funding in Iowa and Medicaid provider tax rate changes in Michigan — as well patient care volumes...
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