For the year ended Dec. 31, 2018, Intermountain posted revenues of $7.7 billion. That’s up 11.3 percent from $6.9 billion recorded in the previous fiscal year. Increases in net patient services and premiums and administration fees contributed to the year-over-year improvement.
At the same time, Intermountain saw its expenses climb 8.7 percent year over year to $6.8 billion in fiscal 2018. Upticks in employee compensation, supplies and medical claims all contributed to the year-over-year increase in expenses.
Intermountain posted net operating income of $547.1 million in fiscal 2018, up 52.4 percent from $359 million reported in the year prior.
Aftering incorporating nonoperating income, which was $240.2 million lower than the year before, Intermountain ended fiscal 2018 with net income of $598.5 million. That’s down 8.6 percent from $655.1 million reported in fiscal 2017.
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