1. St. Louis-based SSM Health‘s revenue increased 11.9 percent year over year to $6.1 billion in 2016. The health system ended last year with operating income of $10 million, down 86.6 percent from $229.7 million in 2015.
2. Inova Health‘s revenue increased about 9.5 percent year over year to $3.3 billion in 2016. The Falls Church, Va.-based system ended 2016 with operating income of $18 million, down 92 percent from $221.4 million in the year prior.
3. Phoenix-based Banner Health reported revenue of $7.6 billion in 2016, up 9.5 percent from revenue of $7 billion in the year prior. The system ended last year with operating income of $157 million, up 22 percent from $128.4 million in 2015.
4. Pittsburgh-based Highmark Health recorded revenue of $18.2 billion in 2016, up 3 percent from revenue of $17.7 billion in the year prior. Highmark Health ended last year with operating income of $64 million, up from an operating loss of $565 million in 2015.
5. Winston-Salem, N.C.-based Novant Health‘s revenue increased 5 percent year over year to $4.3 billion in 2016. The system ended last year with operating income of $258.8 million, a slight increase from operating income of $258.4 million in 2015.
More articles on healthcare finance:
5 latest hospital, clinic closures
Hedge fund looks to take control of Adeptus Health as bankruptcy looms
CMS releases final rule on Medicaid DSH calculation: 4 things to know
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.