AdventHealth’s operating margin climbed to 13.4%, while Sharp HealthCare swung from an operating loss to a profit. Here is a snapshot of how 14 large health systems performed financially during the three months ended June 30.
Editor’s note: This is not an exhaustive list.
AdventHealth (Altamonte Springs, Fla.)
Operating revenue: $6.9 billion, up from $5.6 billion during the same period last year
Operating expenses: $5.9 billion, up from $4.9 billion
Operating income: $916.2 million, up from $657.4 million
Operating margin: 13.4%, up from 11.7%
Baptist Health South Florida (Coral Gables)
Operating revenue: $2.0 billion, up from $1.8 billion
Operating expenses: $1.8 billion, up from $1.6 billion
Operating income: $176.0 million, down from $185.3 million
Operating margin: 9.0%, down from 10.2%
Bon Secours Mercy Health (Cincinnati)
Operating revenue: $3.8 billion, up from $3.5 billion
Operating expenses: $3.6 billion, up from $3.4 billion
Operating income: $95.3 million, up from $75.6 million
Operating margin: 2.5%, up from 2.2%
Cleveland Clinic
Operating revenue: $4.9 billion, up from $4.5 billion
Operating expenses: $4.5 billion, up from $4.1 billion
Operating income: $245.6 million, down from $255.3 million
Operating margin: 5%, down from 5.6%
Essentia Health (Duluth, Minn.)
Operating revenue: $885.7 million, up from $847.3 million
Operating expenses: $881.4 million, up from $833.7 million
Operating income: $4.3 million, down from $13.5 million
Operating margin: 0.5%, down from 1.6%
Indiana University Health (Indianapolis)
Operating revenue: $2.7 billion, up from $2.5 billion
Operating expenses: $2.7 billion, up from $2.3 billion
Operating income: $51.2 million, down from $132.7 million
Operating margin: 1.9%, down from 5.4%
Kaiser Permanente (Oakland, Calif.)
Operating revenue: $35.6 billion, up from $32.1 billion
Operating expenses: $34 billion, up from $31.1 billion
Operating income: $1.7 billion, up from $1 billion
Operating margin: 4.6%, up from 3.2%
Mass General Brigham (Somerville, Mass.)
Operating revenue: $6.3 billion, up from $5.8 billion
Operating expenses: $6.2 billion, up from $5.8 billion
Operating income: $80.5 million, up from $74.4 million
Operating margin: 1.3%, flat from 1.3%
Parkview Health (Fort Wayne, Ind.)
Operating revenue: $997.4 million, up from $836.4 million
Operating expenses: $906.9 million, up from $754.6 million
Operating income: $90.5 million, up from $81.8 million
Operating margin: 9.1%, down from 9.8%
ProMedica (Toledo, Ohio)
Operating revenue: $809.7 million, up from $738.4 million
Operating expenses: $690.7 million, up from $656.9 million
Operating income: $83.3 million, up from $48.7 million
Operating margin: 10.3%, up from 6.6%
Providence (Renton, Wash.)
Operating revenue: $7.6 billion, up from $7.2 billion
Operating expenses: $7.6 billion, up from $7.2 billion
Operating income: $64 million, up from $24 million
Operating margin: 0.8%, up from 0.3%
Scripps Health (San Diego)
Operating revenue: $1.5 billion, up from $1.2 billion
Operating expenses: $1.4 billion, up from $1.2 billion
Operating income: $101.5 million, up from $24.4 million
Operating margin: 6.6%, up from 2.1%
Sharp HealthCare (San Diego)
Operating revenue: $1.6 billion, up from $1.4 billion
Operating expenses: $1.53 billion, up from $1.45 billion
Operating income: $36.2 million, up from an operating loss of $21.5 million
Operating margin: 2.3%, up from -1.5%
SSM Health (St. Louis, Mo.)
Operating revenue: $3.6 billion, up from $3.1 billion
Operating expenses: $3.5 billion, up from $3.1 billion
Operating income: $130.2 million, up from $1.3 million
Operating margin: 3.6%, up from 0%
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