Novant Health reports operating gain of $68.2M in 2022

Winston-Salem, N.C.-based Novant Health reported operating income for the year ended Dec. 31 of $68.2 million on just under $7.6 billion of revenue.

The operating income figure compared with a $369 million gain in 2021 as expenses rose 6.5 percent. The 15-hospital system reported an overall loss of $222.8 million in 2022 compared with a gain of $812 million the year before.

Novant Health laid off about 50 workers, including multiple C-level executives, March 29.

The health system, which operates in its home state as well as South Carolina and Georgia, employs approximately 35,000 people.

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