BayCare’s operating revenue climbed less than 1 percent year over year to $1.08 billion in the first quarter, which ended March 31, according to recently released financial documents.
Higher expenses offset the health system’s revenue gains. BayCare reported expenses of $1.03 billion in the first quarter of this year, up 4.3 percent from $992 million in the same period a year earlier.
Operating income totaled nearly $50 million in the first quarter of this year, a 45 percent decline from a year earlier.
BayCare ended the first quarter of this year with a net loss of $656.4 million, which was driven by a more than $706 million loss on nonoperating items. A year earlier, the health system reported operating income of $399.4 million, which included nonoperating income of $308 million.
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