Four things to know:
1. Banner’s revenues climbed 8.7 percent year over year to $8.5 billion in 2018.
2. Higher expenses offset Banner’s revenue gains. Banner said expenses grew 10.2 percent year over year to $8.3 billion in 2018.
3. Banner ended 2018 with operating income of $186.3 million, down 31.2 percent from $270.7 million in 2017.
4. After factoring in nonoperating items, including investment losses, Banner ended 2018 with net income of $44 million. That’s down 94 percent from 2017, when the system posted net income of $709.4 million.
More articles on healthcare finance:
4 notes on Wyoming healthcare prices, some of the nation’s highest
Nicklaus Children’s Hospital to freeze wages, lay off staff
Rural Virginia hospital sees earnings nearly double after expanding specialty services
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.
