The decline was particularly evident in the system’s higher expenses, which increased 6.5 percent from 2021 to total $3.62 billion. With revenues essentially flat, the overall operating loss was $220.2 million.
Investment losses totaled $55.1 million compared with a net gain in 2021 of $174.7 million.
Long-term debt at the end of fiscal 2022 totaled $826.7 million compared with $850 million in 2021.
Baptist Health, which operates 22 hospitals in its home state, Mississippi and Arkansas, is among the 40 largest health systems in the country.
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