Baylor Scott & White Health Operating Income Soared in the First Half of Fiscal 2018

Baylor Scott & White Health brought in operating income of $383 million during the first half of fiscal year 2018, which lands during the second half of the calendar year. That income represents an increase of 80 percent over the same period the previous year. The numbers came out as a part of the system’s quarterly disclosure report this week. Overall, the nonprofit brought in $4.81 billion in revenue during the first half of fiscal 2018, up about 7 percent from $4.49 billion the year before. The system did note that premium revenue was down 13.5 percent for the period… Full Story

Baylor Scott & White Health Executive Shake-up Continues as CFO Departs

Baylor Scott & White Health’s chief financial officer has resigned, throwing a vacancy into an executive suite that has seen some shake-up recently. Fred Savelsbergh left on February 1, according to a letter sent to employees by Baylor Scott & White Health President Pete McCanna. Savelsbergh had been with the company for 35 years. He was named Baylor Health Care System’s CFO in 2009 and retained the role after the merger. Savelsbergh’s resignation comes hand-in-hand with the departure of Janie Wade, who had been senior vide president of finance for Baylor Scott & White Health since 2013. She took the… Full Story