Five things to know:
1. Sutter’s operating revenues totaled $12.7 billion in 2018, up slightly from revenues of $12.4 billion in 2017.
2. After factoring in operating expenses, Sutter ended 2018 with operating income of $201 million. That’s compared to 2017, when the health system posted operating income of $326 million.
3. In 2017, Sutter’s income from investments and unrealized stock gains totaled $651 million. The health system lost $267 million on investments in 2018.
4. Sutter recorded $432 million from the California Hospital Fee Program in 2017, which included multiple years of revenue from the program. In 2018, the health system recorded $272 million from the program. The Hospital Fee Program charges all hospitals a quality assurance fee that is used to obtain federal matching funds for Medi-Cal with the proceeds redistributed as supplemental payments to California hospitals that treat Medi-Cal patients.
5. Sutter reported a net loss of $198 million in 2018, compared to net income of $893 million in the year prior.
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