Texas Health Resources posts operating loss, reports $165M in relief aid

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The systems expenses stayed nearly flat year over year, and it ended the very first half of 2020 with an operating loss of $45.6 million. In the exact same period last year, the system reported running income of almost $109 million.

After considering nonoperating items, Texas Health Resources posted a bottom line of $157.4 million in the very first half of this year. Thats compared to the very first 6 months of 2019, when the system reported net income of $703.4 million..

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The health system reported operating revenues of $2.2 billion in the first half of 2020, down from $2.3 billion in the same duration last year. Since Aug. 24, Texas Health Resources had received $165.5 million in relief help offered under the Coronavirus Aid, Relief and Economic Security Act. The system acknowledged $94.7 million of those funds as other operating profits throughout the six months ended June 30..

Arlington-based Texas Health Resources ended the very first half of 2020 with a bottom line, according to unaudited monetary documents..