BayCare Health reports $338M operating income amid overall loss

Clearwater, Fla.-based BayCare Health System may have reported an overall loss for 2022, but its operating income registered $338 million for the year on revenues of $5.1 billion.

The system, which has a total of 3,899 licensed beds, did report a 7.7 percent increase in salary, wages and benefits, while its overall expenses were up 5.7 percent.

The overall loss for the system was $535 million mainly because of investment performance. That compared with net income of $1.1 billion in 2021.

BayCare Health operates 16 hospitals.

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