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Penn State Health reports increased revenue, expenses for third fiscal quarter
Rachel Curry, Contributing Writer//May 27, 2026//
PHOTO/PROVIDED BY PENN STATE HEALTH MILTON S. HERSHEY MEDICAL CENTER
Penn State Health reports increased revenue, expenses for third fiscal quarter
Rachel Curry, Contributing Writer//May 27, 2026//
Listen to this articlePenn State Health reported improved revenue and increased expenses for its third fiscal quarter.
PSH saw a 10.1 percent increase in unrestricted revenues in the nine months ending March 31, a boost of $339 million year over year. Net revenue from patient services jumped 8.7 percent year over year.
Total operating expenses also rose, with PSH seeing a 9.7 percent increase in costs year over year, or $322 million. This was driven in part by workforce and patient care resource investments, the academic health system said in a release.
Operating income for the quarter was $77.6 million, up from $60.4 million during the same period last year. The third fiscal quarter operated with a margin of 2.1 percent, up from 1.8 percent this time a year ago.
PSH held 118 days of cash on hand for the quarter, compared to 112 at the same time last year.
“We are encouraged by the continued growth in patient volumes and revenues, along with improvements in our operating margin, which position us well to sustain our momentum and invest in the future of health care across the communities we serve,” Tracy Moyer, executive vice president and chief financial officer for Penn State Health, said in a release.
Beyond the financials, PSH saw other year over year improvements, including a 1.3 percent increase in admissions, 2.9 percent boost in surgeries, 5.6 percent jump in outpatient visits and 13.8 percent rise in births across the 15-county system. These gains were partially offset by a 1.8 percent decline in emergency department visits compared to a year ago.
