Sanford Health Q1 operating margin grows to 1.9%

Sioux Falls, S.D.-based Sanford Health has reported $33.7 million in operating income for the three months ending March 31.

Advertisement

That figure compares with $13 million in the same period last year. The current operating income translates to a 1.9 percent operating margin compared with 0.7 percent in 2022.

Overall income for the period totaled $79.3 million compared with a net loss of $121.4 million in 2022.

Sanford Health, which continues to be in discussions regarding a potential merger with Minneapolis-based Fairview Health, reported reduced operating income in 2022 of $187.9 million.

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.

Advertisement

Next Up in Financial Management

Advertisement

Comments are closed.