Charlotte, N.C.-based Advocate Health recorded an operating income of $824.4 million (4.4% operating margin) in the first half of 2025, up from $449.9 million (2.7%) during the same period last year, according to its Aug. 29 financial report.
The system reported total revenue of $18.8 billion for the six months ended June 30, up from $16.7 billion during the same period last year. Patient service revenue totaled $15.8 billion, up from $13.9 billion.
Total operating expenses were $18 billion in the first half of 2025, up from $16.2 billion in the first half of 2024. Salaries, wages and benefits were $10.3 billion, up from $9.4 billion. Supplies and drugs were $4.2 billion, up from $3.6 billion.
The system reported a net income of $2 billion in the first half of 2025, up from $1.3 billion during the same period last year.
Here is a breakdown of the health system’s first-half results by division:
Advocate Aurora Health
Revenue: $8.8 billion (+6.4% YOY)
Expenses: $8.5 billion (+6.6% YOY)
Operating income: $243.9 million (-2.3% YOY)
Net income: $930.3 million (+43.5% YOY)
Atrium Health Wake Forest Baptist
Revenue: $3.2 billion (+25.6% YOY)
Expenses: $3 billion (+18.1% YOY)
Operating income: $166.6 million (+1,014% YOY)
Net income: $255.7 million (+307.6% YOY)
The Charlotte-Mecklenburg Hospital Authority Combined Group
Revenue: $5.6 billion (+19.2% YOY)
Expenses: $5.2 billion (+12.5% YOY)
Operating income: $398.5 million (451.7% YOY)
Net income: $779.6 million (+37.8% YOY)
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.
