BJC HealthCare more than doubles net income year-to-date

BJC HealthCare, a nonprofit 15-hospital health system in St. Louis, saw its revenues and net income improve year-to-date, according to unaudited financial documents.

Four things to know:

1. Year-to-March 31, BJC HealthCare recorded total operating revenues of $1.4 billion, up 3.1 percent from $1.3 billion reported in the same period a year prior. During that time, BJC HealthCare saw net patient revenues increase 3.3 percent.

2. The health system posted total operating expenses of $1.3 billion year-to-date, up 2.2 percent from the year prior. Increases in salaries and benefits, as well as supply costs, contributed to the uptick.

3. BJC HealthCare recorded $45.6 million in operating income during the most recent period, up 39.9 percent from $32.6 million in the same period of fiscal 2018.

4. After including a $114 million increase in nonoperating income, BJC HealthCare ended the period with net income of $209.7 million, more than double the $82.7 million posted in the same period a year prior.

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