While the 10-hospital system reported operating income of $7.5 million in the same period in 2022, the figure was $615,000 for the 2023 results. Overall net income improved to $31.8 million compared with a loss of $12.3 million in the same period last year.
The news comes shortly after the announcement of a proposed merger between Saint Luke’s Health and St. Louis-based BJC HealthCare. The two systems’ CEOs described the plan as a “forward-looking transaction” in an interview with Becker’s June 14.
Saint Luke’s, which had 192 days of cash on hand as of March 31, continues to suffer from labor shortages, management said.
‘We continue to further expand our recruitment footprint and strengthen our pipeline of all talent,” according to the financial statement.
BJC HealthCare reported $59.5 million in operating income for the quarter ending March 31.
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.
