With a focus on sustaining and growing the organization, Ascension is working toward strategic goals that create unique collaborative relationships, divesting specific assets and developing new partnerships. During the six months ended December 31, 2016, Ascension saw a recurring operating margin of 3.7% as compared to 4.0% for the same period in the prior year.
Overall, net patient service revenue has increased compared to the same period in the prior year, driven by increased inpatient admissions, inpatient surgeries, observation days and emergency room visits primarily due to the addition of Wheaton Franciscan Healthcare – Southeast Wisconsin facilities. Our care for persons living in poverty and other community benefit programs increased $198 million compared to the same period in the prior year.
As a healthcare provider, Ascension is driven by a changing consumer landscape to think and behave differently, putting our patients and their needs first. Providing care for all persons where, how and when they need it – that is the organization’s unique and special calling. Ascension caregivers are evolving from primarily treating people when they are sick to being a partner in the well-being of individuals. Ascension is measuring not only the volume of care we deliver, but the value we provide and the quality outcomes to patients.
For the full Management’s Discussion and Analysis, click here.