That led Ochsner to post an $8.1 million operating surplus through the first half of 2014, a 43% drop from the same period in 2013.
However, total revenue increased 13% to nearly $1.1 billion in the first half of this year. Inpatient discharges and inpatient surgeries rose 0.7% and 3.2%, respectively, while outpatient surgeries declined 1.5%. Another major part of the large revenue gain was Ochsner's new agreement with Leonard J. Chabert Medical Center in Houma, La.
In tandem with Houma-based Terrebonne General Medical Center, Ochsner provides the day-to-day management of the 74-bed safety net hospital, effective June 24. LJCMC was part of the publicly run Louisiana State University health system, but Jindal enacted a plan this year that outsourced the operations of nearly all LSU hospitals to private hospitals and systems.
Ochsner's total surplus in the first six months this year almost doubled from last year, totaling $39.3 million, as the health system benefited from better investment returns.
Ochsner is the largest not-for-profit health system in Louisiana, owning or operating nine acute-care facilities, according to its website.
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