That compared with a $151 million gain on $3.5 billion of revenue in the same period last year. The first-quarter comparison year on year was more favorable, with Wellstar reporting $66 million in operating income versus a loss of $40.9 million in 2022 even with a 2.3 percent increase in expenses totaling $1.2 billion.
Overall income for the health system in the nine-month period totaled $235.5 million as compared to $79.7 million in 2022.
Wellstar Health is expecting to close its controversial merger agreement with Augusta (Ga.) University Health System in the summer.
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.