Baylor Scott & White Health captured more profit in the first three quarters of its fiscal 2018 than it did in its entire fiscal 2017.
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, when 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, 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%.