Medical Facilities Corporation Reports Increased Revenue in 3Q

Medical Facilities Corporation announced a 34 percent increase in consolidated facility service revenue for the third quarter of 2013, totaling $73 million.

The increase over last year is attributable to including results of Arkansas Surgical Hospital, increased combined surgical cases, a favorable shift in case mix and additional revenue from primary and urgent care. These factors offset decreased payer reimbursements.

Consolidated income from operations increased 20 percent to $19.3 million. Total net income increased to $8 million, compared to $1.7 million over the same period last year.

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