Salt Lake City-based Intermountain Health reported a $297 million operating income (6.5% margin) in the first quarter, up from a $134 million gain (3.2% margin) in the first quarter of 2024, according to financial documents published May 21.
Four things to know:
1. First-quarter revenue increased 7.9% year over year to $4.6 billion while expenses grew by 3.8% to $4.1 billion. Patient revenue was $2.8 billion in the first quarter of 2024, compared to $2.5 billion in the first quarter of 2024.
2. After accounting for nonoperating items, such as investment gains, Intermountain reported a $334 million net income in the first quarter of 2024, compared to a %757 million net gain in the same period in 2024.
3. As of March 31, 2025, Intermountains’s long-term debt was $4.1 billion and total assets were $34.1 billion.
4. Cash and equivalents were $1.5 billion as of March 31, 2025, compared to $942 million on Dec. 31.
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.