Lee Memorial Health System, Fort Myers, Fla., reported improvements in its operating surplus and revenue despite a drop in admissions during its fiscal 2013, which ended in September.
The three-hospital system realized $63.5 million in operating surplus on nearly $1.3 billion in revenue, according to its financial report. That performance represents a 39.9% improvement compared with the $45.4 million in operating surplus on $1.2 billion in revenue it reported the previous fiscal year.
Its operating margin also improved to 2.8% (PDF) from 1.5% the previous year.
However, the report highlighted a difficult operating environment, where adult admissions declined 2.7%, pediatric admissions, 4.4%, and neonatal cases, 1.8%. Patient days similarly decreased 3.2%.