Banner Health posts $163M operating income in first half of 2023

Phoenix-based Banner Health posted a $162.7 million operating income in the first six months of 2023, according to its Aug. 31 earnings report.

Advertisement

The 30-hospital system reported an $87.2 million operating loss during the same period last year. 

Total revenues at Banner were $6.9 billion in the six months ending June, compared to $6.2 billion year over year. Total expenses were nearly $6.8 billion, up 7.1 percent year over year, with a 4.7 increase in labor costs and a 12.4 percent increase in supply costs.

 

Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit

Advertisement

Next Up in Financial Management

Advertisement

Comments are closed.