Here are four things to know:
1. Banner’s revenues climbed 7.2 percent year over year to $6.3 billion in the first nine months of this year, according to unaudited financial documents released Nov. 28.
2. Higher expenses offset Banner’s revenue gains. Banner said expenses grew 8.7 percent year over year to $6.1 billion in the first nine months of this year.
3. Banner ended the first nine months of 2018 with operating income of $122.1 million, down 37 percent from $192.9 million in the same period a year earlier.
4. After factoring in nonoperating income, which dropped 46 percent year over year, Banner ended the first nine months of 2018 with net income of $278.3 million. That’s down 44 percent from the first nine months of 2017, when the system posted net income of $500.4 million.
More articles on healthcare finance:
Kaiser’s net income dips 23% in first 9 months of 2018
Vanderbilt University Medical Center’s finances bounce back after EMR launch
Hospitals join Giving Tuesday movement
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
