Ascension is driven by the changing consumer landscape, providing care for all persons where, how and when they need it. In the nine months ending March 31, 2017, Ascension saw a recurring operating margin of 4.4% compared to 3.6% for the same period in the prior year. Net patient service revenue increased $990 million driven by inpatient and outpatient volumes primarily due to the addition of Wheaton Franciscan Healthcare – Southeast Wisconsin facilities.
Care of persons who are living in poverty and other vulnerable persons, including traditional charity care, increased $74 million or 6.1% compared to the same period in the prior year.
Ascension is repositioning its portfolio of care delivery sites and has invested more heavily in outpatient assets to build out our clinically integrated systems of care such as expansion of primary care, urgent care, and large outpatient centers. Investments in these areas will position Ascension to successfully grow in a consumer-driven environment and successfully transition to value.
As a healthcare provider, Ascension caregivers are evolving from treating people when they are sick to being a partner in the well-being of individuals and communities we serve.
For the full Management’s Discussion and Analysis, click here.
