For the three months ended March 31, Intermountain reported revenues of $2.33 billion. That’s up nearly 12 percent from $2.08 billion in the same period last year. Patient services revenue declined year over year, while premiums and capitation climbed more than 29 percent.
Intermountain’s expenses totaled $2.1 billion in the first quarter of 2020, up 18 percent from the same period a year earlier. Expenses increased across all categories, including supplies and employee compensation and benefits.
Intermountain ended the first quarter of this year with operating income of $115 million, down from $193 million a year earlier. After incorporating nonoperating income, including $1.1 billion in investment losses, the health system posted a net loss of $1 billion in the first quarter of 2020. In the first quarter of 2019, Intermountain reported net income of $591 million.
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