For the third quarter, Mayo Clinic posted net operating income of $157 million, compared to Phoenix-based Banner’s $26 million operating loss and St. Louis-based SSM Health’s $93.3 million loss.
Here’s how the three health systems’ finances compared in the third quarter:
Mayo Clinic (16 hospitals)
| ($ in millions) | Q3 2022 | Q3 2021 |
| Total operating revenues | 4,117 | 4,021 |
| Total expenses | 3,960 | 3,697 |
| – Salaries and benefits | 2,327 | 2,249 |
| – Supplies and services | 1,343 | 1,179 |
| – Depreciation and amortization | 153 | 155 |
| – Facilities | 95 | 77 |
| – Finance and investment | 42 | 37 |
| Operating income | 157 | 324 |
SSM Health (24 hospitals)
| ($ in thousands) | Q3 2022 | Q3 2021 |
| Total operating revenues | 2,330,115 | 2,320,701 |
| Total expenses | 2,403,433 | 2,263,503 |
| – Salaries and benefits | 1,046,515 | 951,138 |
| – Medical claims | 134,990 | 165,304 |
| – Supplies | 682,925 | 587,762 |
| – Professional fees and other | 442,915 | 461,767 |
| – Interest | 18,459 | 19,128 |
| – Depreciation and amortization | 77,629 | 78,404 |
| Operating income/(loss) | ($90,032) | 83,581 |
Banner Health (30 hospitals)
| ($ in millions) | Q3 2022 | Q3 2021 |
| Revenue | 9,305 | 9,029 |
| Operating expenses | 9,419 | 8,865 |
| Operating loss | (113) | 164 |
| Operating margin | -1.2% | 1.8% |
| Operating EBIDA margin | 4.6% | 7.7% |
