Five things to know:
1. Total operating revenues were $7.2 billion for the 12 months ended Dec. 31, up from $6.7 billion over the same period in 2022.
2. Patient revenues were $4.5 billion in 2023, up from $4.2 billion in 2022.
3. Total operating expenses were $6.8 billion in 2023, up from $6.5 billion in 2022.
4. Salaries and benefit expenses were $3.5 billion for 2023, up from $3.4 billion in 2022. Supply expenses were $1.4 billion for 2023, up from $1.2 the previous year.
5. Sanford saw investment returns of $146.5 million after seeing a $296.1 million loss in 2022. Net non-operating revenue was $103.2 million in 2023 after seeing a $339.5 million loss last year.
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.