AdventHealth’s operating margin climbed to 13.4%, while UPMC swung to an $18.3 million operating loss. Here is a snapshot of how 25 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%
Allegheny Health Network (Pittsburgh)
Operating revenue: $1.7 billion, up 15.7% year over year
Operating expenses: $1.5 billion, up 10.1% year over year
Operating income: $150.9 million, up from $64 million
Operating margin: 9.1%, up from 4.5%
Allina Health (Minneapolis)
Operating revenue: $1.6 billion, up from $1.5 billion
Operating expenses: $1.6 billion, up from $1.5 billion
Operating loss of $38.9 million, narrowed from an operating loss of $50.9 million
Operating margin: -2.5%, up from -3.4%
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%
Beth Israel Lahey Health (Cambridge, Mass.)
Operating revenue: $2.7 billion, up from $2.5 billion
Operating expenses: $2.6 billion, up from $2.4 billion
Operating income: $90.1 million, up from $88.2 million
Operating margin: 3.3%, down from 3.5%
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%
HonorHealth (Scottsdale, Ariz.)
Operating revenue: $1.13 billion, up from $998.0 million
Operating expenses: $1.12 billion, up from $1.02 billion
Operating income: $17.0 million, up from an operating loss of $17.8 million
Operating margin: 1.5%, up from -1.8%
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%
Mayo Clinic (Rochester, Minn.)
Operating revenue: $5.9 billion, up from $5.3 billion
Operating expenses: $5.4 billion, up from $5.0 billion
Operating income: $501 million, up from $394 million
Operating margin: 8.6%, up from 7.4%
NewYork-Presbyterian (New York City)
Operating revenue: $3.1 billion, up from $2.8 billion
Operating expenses: $3.0 billion, up from $2.7 billion
Operating income: $124.2 million, up from $101.7 million
Operating margin: 4%, up from 3.6%
Northwell Health (New Hyde Park, N.Y.)
Operating revenue: $5.3 billion, up from $5.0 billion
Operating expenses: $5.3 billion, up from $4.9 billion
Operating income: $76.1 million, down from $100.3 million
Operating margin: 1.4%, down from 2%
Novant Health (Winston-Salem, N.C.)
Operating revenue: $3.1 billion, up from $3.0 billion
Operating expenses: $3.1 billion, up from $2.8 billion
Operating income: $77.8 million, down from $207.7 million
Operating margin: 2.5%, down from 7%
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%
Sutter Health (Sacramento, Calif.)
Operating revenue: $6.2 billion, up 27.1% year over year (up from $4.9 billion)
Operating expenses: $5.8 billion, up 22.8% year over year (up from $4.7 billion)
Operating income: $454 million, up from $195 million
Operating margin: 7.3%, up from 4%
UnityPoint Health (West Des Moines, Iowa)
Operating revenue: $1.6 billion, up from $1.4 billion
Operating expenses: $1.6 billion, up from $1.4 billion
Operating income: $24.1 million, up from an operating loss of $9.5 million
Operating margin: 1.5%, up from -0.7%
UPMC (Pittsburgh)
Operating revenue: $8.5 billion, up from $8.3 billion
Operating expenses: $8.5 billion, up from $8.2 billion
Operating income: Operating loss of $18.3 million, down from operating income of $111.2 million
Operating margin: -0.2%, down from 1.3%
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.
