BJC HealthCare sees 61% drop in annual operating income

Ayla Ellison (Twitter | Google+) - Print  | 

BJC HealthCare's total revenue increased last year, but the St. Louis-based system ended 2018 with lower operating income than the year prior.

BJC recorded revenues of $5.3 billion in 2018, up from $5 billion in 2017, according to audited financial documents. The increase was largely attributable to higher net patient service revenue, which climbed 11 percent year over year.

Despite the year-over-year revenue growth, BJC saw its operating income decrease in 2018 after factoring in expenses. The system's expenses totaled $5.3 billion last year, up from $4.8 billion in 2017.

BJC's operating income fell to $59.4 million in 2018, a 61 percent decrease from $154.3 million 2017.

After factoring in a significant decline in investment income, BJC ended 2018 with net income of $105.9 million, down from $431.3 million in the year prior.

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