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%
