Intermountain posts $137M operating income, 0.9% margin

Salt Lake City-based Intermountain Health posted an operating income of $137 million (0.9% margin) in 2023, improving slightly on the $121 million gain (0.9% margin) reported the previous year. 

Advertisement

Revenue increased 15.2% year over year to $16.1 billion while expenses grew by 15.5% to $15.2 billion, according to financial documents published March 20. Depreciation and amortization interest was $718 million in 2023, up from $653 million in 2022. 

Labor costs increased 15.8% year over year to $6.9 billion and supply expenses increased 17.5% to $2.9 billion. 

After accounting for nonoperating items, such as investment income, Intermountain reported a net profit of $1.6 billion in 2023, compared to $2.6 billion the prior year. 

Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit

Advertisement

Next Up in Financial Management

Advertisement

Comments are closed.