Note: This is not an exhaustive list.
1. Nashville, Tenn.-based HCA Healthcare posted $1.81 billion in operating income for the second quarter, compared with $1.76 billion during the second quarter of 2022. Net income for the period hit $1.19 billion, a 3.3 percent year-over-year increase from the $1.16 billion it posted in the second quarter last year.
2. Oakland, Calif.-based Kaiser Permanente reported $741 million in operating income in the second quarter, up from $89 million in the same period last year. Its operating margin grew from 0.4 percent to 2.9 percent.
3. Dallas-based Tenet Healthcare posted $604 million in second-quarter operating income, up from the $553 million it recorded in the same period last year. The system reported $123 million in net income for the three-month period, compared with $38 million in the same period last year.
4. Rochester, Minn.-based Mayo Clinic reported $300 million in operating income in the second quarter, up from $155 million in the same period in 2022. Net income in the second quarter was $547 million versus a $604 million net loss in Q2 2022.
5. King of Prussia-based Universal Health Services recorded $280.1 million in operating income in the second quarter, improving on the $233.4 million gain it posted in the prior-year period. Net income for the second quarter hit $171.3 million, up from $163.9 million during the second quarter of 2022.
6. Franklin, Tenn.-based Community Health Systems reported $246 million in second-quarter operating income, up from a $119 million operating income during the same period last year. CHS reported a net loss of $38 million for the quarter, compared with a net loss of $326 million in the same period in 2022.
7. Phoenix-based Banner Health reported $162.7 million in operating income for the first six months of 2023, up from an $87.2 million operating loss during the same period last year. In the first quarter, the 33-hospital system posted a $128 million operating gain, compared to a $46 million loss in the first quarter of 2022.
8. Salt Lake City-based Intermountain Health posted $184 million in operating income during the first six months of 2023, a 35 percent drop year over year. Intermountain merged with Broomfield, Colo.-based SCL Health in April 2022, adding $4.2 billion of assets for the year. In the first quarter of 2023, the system reported $104 million in operating income compared to $130 million operating for the same period in 2022.
9. Orlando (Fla.) Health reported an operating income of $118.2 million in the second quarter, a 14 percent decrease from the prior-year period. The system posted a net income of $190.9 million in the second quarter compared with a net loss of $150.9 million in the same period last year.
10. New Hyde Park, N.Y.-based Northwell Health posted an operating income of $146.6 million in the first half of the year, up from $40.8 million in the same period in 2022. The 21-hospital system reported net income of $606.3 million for the first half of the year compared with a net loss of $1 billion in 2022. In the first quarter, Northwell posted a $22.6 million operating loss, compared to a $38.6 million loss in the same quarter last year.
11. Indianapolis-based IU Health transformed a $21.3 million operating income in the second quarter of last year into $150.5 million for the same period of 2023. Net income for the second quarter totaled $307.7 million compared with a net loss of $571 million in the same period of 2022.
12. Somerville, Mass.-based Mass General Brigham reported an operating income of $69.4 million in the quarter ending June 30, compared to a $120.2 operating loss in the same period in 2022. Net income totaled $437.5 million for the quarter, up from a $949 million loss in the same period last year.
13. Grand Blanc, Mich.-based McLaren Health Care posted $62.9 million in operating income for the second quarter, a 28 percent dip from the $87.4 million it reported in the prior-year period. Net income hit $350.5 million for the quarter, compared with a $167.7 million net loss for during the second quarter of 2022.
14. Charlotte, N.C.-based Advocate Health posted $85.7 million in operating income in the first six months of the year after recording $15.19 billion in total revenue and $15.1 billion in total expenses. In the first quarter, the 67-hospital system reported $10.4 million in operating income — representing a 0.1 percent operating margin — and an overall gain of $578.7 million.
15. Sioux Falls, S.D.-based Sanford Health reported a $71.8 million operating gain for the six months ending June 30, up from the $24 million operating gain recorded in the first six months of 2022. Sanford posted $33.7 million in operating income in the first quarter, up from $13 in the first quarter of 2022.
16. Sacramento, Calif.-based Sutter Health reported $29 million in second-quarter operating income, reversing the $51 million loss it posted in the second quarter of 2022.
17. Pittsburgh-based UPMC reported $15 million in operating income for the six months ended June 30, an 82 percent drop from the $82 million operating income posted during the same period in 2022. UPMC’s operating income hit $100.4 million in the first quarter, up from $50.4 million in the prior-year period.
