45 Nonprofit Health Systems That Recently Posted FY 2013 Financials

More audited financial statements of nonprofit health systems from fiscal year 2013 continue to roll in, showing that many of the big players continue to perform reasonably well considering the shifts occurring in the marketplace.

Of a sample of 45 nonprofit health systems that recently wrapped up FY 2013, total revenue at a vast majority of organizations increased. However, operating income was mostly down from 2012, though not necessarily to a crippling degree.

Overall, a little more than half of the observed health systems (23) posted a profit margin of at least 3 percent, despite lagging volumes and rising expenses. As noted from October, many health systems also have been able to improve their overall financial standing due to sizable investment gains, while others have begun to reap the benefits of consolidation, according to analysis of the financial statements.

Here are three primary financial figures for each of 45 health systems that recently posted consolidated statements from their 2013 fiscal years.

Note: Data comes directly from financial statements posted on the Municipal Securities Rulemaking Board's EMMA. The listed health systems posted their statements within the past couple months (with a FY end date of either Sept. 30, 2013, or Dec. 31, 2013), and they also have at least $500 million in total revenue. Systems are listed by highest to lowest total revenue. Total profit/loss figures are based on the health system's excess of revenue over/under expenses, which generally includes investment gains/losses, income taxes and debt/interest rate swaps. Total profit/loss figures are not the health system's increase/decrease in unrestricted net assets, which include pension plan funds and other variables.

Kaiser Permanente (Oakland, Calif.)
FY 2013 revenue: $53.1 billion — 5.9 percent increase from 2012
FY 2013 operating profit: $1.8 billion — 5.6 percent increase from 2012
FY 2013 total profit: $2.7 billion — 3.4 percent increase from 2012

Providence Health & Services (Renton, Wash.)
FY 2013 revenue: $11.1 billion — 5 percent increase from 2012
FY 2013 operating profit: $37.7 million — 81.5 percent decrease from 2012
FY 2013 total profit: $253.3 million — 79.2 percent decrease from 2012

Partners HealthCare (Boston)
FY 2013 revenue: $10.3 billion — 15.2 percent increase from 2012
FY 2013 operating profit: $157.6 million — 17.4 percent decrease from 2012
FY 2013 total profit: $600 million — 70.3 percent increase from 2012

Sutter Health (Sacramento, Calif.)
FY 2013 revenue: $9.6 billion — 0.9 percent increase from 2012
FY 2013 operating loss: $22 million — recorded $549 million operating profit in 2012
FY 2013 total profit: $300 million — 59.2 percent decrease from 2012

Mayo Clinic (Rochester, Minn.)
FY 2013 revenue: $9.4 billion — 6.5 percent increase from 2012
FY 2013 operating profit: $612.1 million — 87.2 percent increase from 2012
FY 2013 total profit: $1.2 billion — 37.9 percent increase from 2012

Adventist Health System (Altamonte Springs, Fla.)
FY 2013 revenue: $7.6 billion — 3.4 percent increase from 2012
FY 2013 operating profit: $500.4 million — 2.4 percent decrease from 2012
FY 2013 total profit: $578.8 million — 14.6 percent increase from 2012

Cleveland Clinic
FY 2013 revenue: $6.5 billion — 4.3 percent increase from 2012
FY 2013 operating profit: $294 million — 87.2 percent increase from 2012
FY 2013 total profit: $900 million — 46.7 percent increase from 2012

Indiana University Health (Indianapolis)
FY 2013 revenue: $5.2 billion — 5.9 percent decrease from 2012
FY 2013 operating profit: $323.6 million — 41 percent decrease from 2012
FY 2013 total profit: $448 million — 31.2 percent decrease from 2012

Banner Health (Phoenix)
FY 2013 revenue: $5.1 billion — 4.5 percent increase from 2012
FY 2013 operating profit: $254.1 million — 12.2 percent decrease from 2012
FY 2013 total profit: $815.5 million — 39.8 percent increase from 2012

Intermountain Healthcare (Salt Lake City)
FY 2013 revenue: $5 billion — 7.3 percent increase from 2012
FY 2013 operating profit: $394.9 million — 5.4 percent decrease from 2012
FY 2013 total profit: $766.3 million — 20.5 percent increase from 2012

Advocate Health Care (Downers Grove, Ill.)
FY 2013 revenue: $4.9 billion — 7.4 percent increase from 2012
FY 2013 operating profit: $300.2 million — 0.6 percent increase from 2012
FY 2013 total profit: $765.3 million — 13.9 percent increase from 2012

BJC HealthCare (St. Louis)
FY 2013 revenue: $3.9 billion — 1.5 percent increase from 2012
FY 2013 operating profit: $146 million — 10.3 percent decrease from 2012
FY 2013 total profit: $490.5 million — 35.5 percent increase from 2012

Novant Health (Charlotte, N.C.)
FY 2013 revenue: $3.6 billion — 1.1 percent increase from 2012
FY 2013 operating profit: $109.8 million — 40.6 percent decrease from 2012
FY 2013 total profit: $273 million — 0.2 percent decrease from 2012

Allina Health (Minneapolis)
FY 2013 revenue: $3.4 billion — 4.3 percent increase from 2012
FY 2013 operating profit: $133.4 million — 4.2 percent increase from 2012
FY 2013 total profit: $326.5 million — 62.8 percent increase from 2012

BayCare Health System (Clearwater, Fla.)
FY 2013 revenue: $2.6 billion — 5.9 percent increase from 2012
FY 2013 operating profit: $184.2 million — 7.5 percent decrease from 2012
FY 2013 total profit: $631.8 million — 49.5 percent increase from 2012

Inova Health System (Falls Church, Va.)
FY 2013 revenue: $2.5 billion — 7.5 percent increase from 2012
FY 2013 operating profit: $131.8 million — 35.9 percent decrease from 2012
FY 2013 total profit: $662.5 million — 82.5 percent increase from 2012

McLaren Health Care (Flint, Mich.)
FY 2013 revenue: $2.5 billion — 11.9 percent increase from 2012
FY 2013 operating profit: $65.5 million — 9 percent increase from 2012
FY 2013 total profit: $185.5 million — 23.8 percent decrease from 2012

Hartford (Conn.) HealthCare
FY 2013 revenue: $2.1 billion — 1.8 percent increase from 2012
FY 2013 operating loss: $34.8 million — recorded $60.6 million operating profit in 2012
FY 2013 total profit: $346.3 million — 168 percent increase from 2012

Catholic Health Services of Long Island (Rockville Centre, N.Y.)
FY 2013 revenue: $2.1 billion — 1.9 percent increase from 2012
FY 2013 operating profit: $18.9 million — 64.1 percent decrease from 2012
FY 2013 total profit: $44.6 million — 16.3 percent decrease from 2012

Baptist Memorial Health Care (Memphis, Tenn.)
FY 2013 revenue: $1.9 billion — 3.3 percent increase from 2012
FY 2013 operating loss: $70.9 million — 56.6 percent increase from 2012
FY 2013 total profit: $20.5 million — 54.4 percent decrease from 2012

Beth Israel Deaconess Medical Center (Boston)
FY 2013 revenue: $1.9 billion — 3.8 percent increase from 2012
FY 2013 operating profit: $51.5 million — 60.1 percent increase from 2012
FY 2013 total profit: $109.5 million — 2.8 percent decrease from 2012

NorthShore University HealthSystem (Evanston, Ill.)
FY 2013 revenue: $1.8 billion — 3.4 percent increase from 2012
FY 2013 operating profit: $60.5 million — 27.1 percent decrease from 2012
FY 2013 total profit: $126 million — 34.4 percent decrease from 2012

Baystate Health (Springfield, Mass.)
FY 2013 revenue: $1.7 billion — 5.1 percent increase from 2012
FY 2013 operating profit: $50.2 million — 7.6 percent increase from 2012
FY 2013 total profit: $71.5 million — 22.7 percent decrease from 2012

Lifespan (Providence, R.I.)
FY 2013 revenue: $1.7 billion — 3.7 percent increase from 2012
FY 2013 operating loss: $19.3 million — recorded $17.9 million operating profit in 2012
FY 2013 total profit: $17 million — 59 percent decrease from 2012

Fletcher Allen Health Care (Burlington, Vt.)
FY 2013 revenue: $1.5 billion — 31.3 percent increase from 2012
FY 2013 operating profit: $43.8 million — 50.6 percent increase from 2012
FY 2013 total profit: $142.4 million — 35.6 percent increase from 2012

St. Luke's Health System (Boise, Idaho)
FY 2013 revenue: $1.4 billion — 7.8 percent increase from 2012
FY 2013 operating profit: $15.2 million — 77.4 percent decrease from 2012
FY 2013 total profit: $19.6 million — 72.9 percent decrease from 2012

Carilion Clinic (Roanoke, Va.)
FY 2013 revenue: $1.4 billion — 8.3 percent increase from 2012
FY 2013 operating profit: $20.3 million — 51.4 percent increase from 2012
FY 2013 total profit: $143 million — 102 percent increase from 2012

Meridian Health (Neptune, N.J.)
FY 2013 revenue: $1.4 billion — 2.6 percent increase from 2012
FY 2013 operating profit: $61.5 million — 16.6 percent increase from 2012
FY 2013 total profit: $120.4 million — 86.1 percent increase from 2012

Lee Memorial Health System (Fort Myers, Fla.)
FY 2013 revenue: $1.3 billion — 3.6 percent increase from 2012
FY 2013 operating profit: $63.5 million — 39.9 percent increase from 2012
FY 2013 total profit: $119.9 million — 64.8 percent increase from 2012

CoxHealth (Springfield, Mo.)
FY 2013 revenue: $1.2 billion — 13.4 percent increase from 2012
FY 2013 operating profit: $12 million — 53.9 percent decrease from 2012
FY 2013 total profit: $105.4 million — 56.4 percent increase from 2012

Oakwood Healthcare (Dearborn, Mich.)
FY 2013 revenue: $1.2 billion — 2.8 percent decrease from 2012
FY 2013 operating profit: $23.8 million — 11.6 percent increase from 2012
FY 2013 total profit: $65.7 million — 66.1 percent increase from 2012

Seattle Children's
FY 2013 revenue: $1 billion — 5.2 percent increase from 2012
FY 2013 operating profit: $128 million — 12.1 percent decrease from 2012
FY 2013 total profit: $186.7 million — 7.4 percent decrease from 2012

Boston Medical Center
FY 2013 revenue: $1 billion — 3.8 percent increase from 2012
FY 2013 operating profit: $7 million — 173 percent increase from 2012
FY 2013 total profit: $20 million — 127 percent increase from 2012

Westchester Medical Center (Valhalla, N.Y.)
FY 2013 revenue: $918.8 million — 2.8 percent increase from 2012
FY 2013 operating profit: $26.1 million — 33.7 percent increase from 2012
FY 2013 total profit: $6.3 million — 598 percent increase from 2012

Beacon Health System (South Bend, Ind.)
FY 2013 revenue: $820.9 million — 7.4 percent decrease from 2012
FY 2013 operating profit: $50.8 million — 57.7 percent decrease from 2012
FY 2013 total profit: $89.8 million — 50.7 percent decrease from 2012

Spartanburg (S.C.) Regional Healthcare System
FY 2013 revenue: $797.5 million — 6.7 percent increase from 2012
FY 2013 operating profit: $21.2 million — 8.7 percent increase from 2012
FY 2013 total profit: $18.3 million — 12.7 percent decrease from 2012

Saint Francis Care (Hartford, Conn.)
FY 2013 revenue: $784.1 million — 2 percent increase from 2012
FY 2013 operating profit: $10.5 million — 38.3 percent decrease from 2012
FY 2013 total profit: $32.7 million — 453 percent increase from 2012

Samaritan Health Services (Corvallis, Ore.)
FY 2013 revenue: $766.9 million — 5 percent increase from 2012
FY 2013 operating loss: $9.7 million — recorded $4.5 million operating profit in 2012
FY 2013 total loss: $4.7 million — recorded $13.5 million total profit in 2012

Memorial Health System (Springfield, Ill.)
FY 2013 revenue: $760 million — 0.7 percent increase from 2012
FY 2013 operating profit: $40.6 million — 23.7 percent decrease from 2012
FY 2013 total profit: $78.7 million — 15.5 percent decrease from 2012

ProHealth Care (Waukesha, Wis.)
FY 2013 revenue: $679.9 million — 1.6 percent increase from 2012
FY 2013 operating profit: $28.8 million — 13.4 percent decrease from 2012
FY 2013 total profit: $95.8 million — 14.6 percent increase from 2012

Cape Cod Healthcare (Hyannis, Mass.)
FY 2013 revenue: $673.7 million — 1 percent decrease from 2012
FY 2013 operating profit: $25.7 million — 42.8 percent decrease from 2012
FY 2013 total profit: $37.4 million — 29.3 percent decrease from 2012

University Health System (Knoxville, Tenn.)
FY 2013 revenue: $631.4 million — 9.9 percent increase from 2012
FY 2013 operating profit: $5 million — 31.6 percent increase from 2012
FY 2013 total profit: $8.9 million — 54.1 percent decrease from 2012

PIH Health (Whittier, Calif.)
FY 2013 revenue: $624.1 million — 6.8 percent increase from 2012
FY 2013 operating profit: $26.6 million — 18.9 percent decrease from 2012
FY 2013 total profit: $59.4 million — 71.3 percent increase from 2012

St. Charles Health System (Bend, Ore.)
FY 2013 revenue: $556.9 million — 10.3 percent decrease from 2012
FY 2013 operating profit: $11.9 million — 43 percent decrease from 2012
FY 2013 total profit: $72.3 million — 49.3 percent increase from 2012

Stormont-Vail HealthCare (Topeka, Kan.)
FY 2013 revenue: $519.1 million — 2.6 percent decrease from 2012
FY 2013 operating profit: $18.8 million — 43 percent decrease from 2012
FY 2013 total profit: $28.7 million — 49.7 percent decrease from 2012

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