Wake Forest Baptist Medical Center Reports Third-Quarter Overall Loss

The rollout of the Epic electronic health records system contributed to a worsening of the current financial performance of Wake Forest Baptist Medical Center.

The center said Monday in a report submitted to bond agencies that it had a $62.8 million operational loss and an overall loss of $3.2 million in the third quarter of fiscal year 2012-13, which ended March 31.

Stock investment gains of $54.6 million helped offset much of the operational revenue loss.

Still, the operational loss was $13.2 million higher than the $49.6 million it reported Dec. 31. At that time, the center reported $7.4 million in overall excess revenue because of investment gains.