Clearwater, Fla.-based BayCare Health System recorded operating income of $648.7 million (11.3% operating margin) through the third quarter of 2026, up from $543.5 million (10.5% margin) during the same period last year, according to its Nov. 6 financial report.
Four things to know:
1. Total operating revenue was $5.8 billion for the nine months ended Sept. 30, up from $5.2 billion during the same period last year. Net patient service revenue totaled $5.3 billion, up from $4.8 billion, and net premium revenue totaled $233.2 million, up from $153.2 million.
2. Total operating expenses were $5.1 billion, up from $4.6 billion. Salaries, wages and benefits totaled $2.6 billion, up from $2.4 billion. Supplies totaled $936.8 million, up from $916.7 million. Purchased services and other expenses totaled $1.2 billion, up from $944.2 million, and health plan costs paid to external providers totaled $144 million, up from $103.4 million.
3. Discharges totaled 145,319, up from 137,337, and adjusted discharges totaled 271,330, up from 261,128. Average length of stay was 4.56 days, down from 4.61 days, and case mix index was 1.60, down from 1.63. Net revenue per adjusted discharge was $17,606, up from $16,344, while cost per adjusted discharge was $15,060, up from $14,173.
4. BayCare reported net income of $950.8 million through the third quarter of 2026, down from $1 billion during the same period last year.
