Sutter Health Financial Performance
2024 Financial Performance
Sutter Health is committed to delivering the most comprehensive, integrated and connected care to our patients and communities. In 2024, our Audited Financial Statements showed a continued stable financial position, as teams across the system cared for 3.5 million patients or nearly 100,000 more than in 2023. The organization ended 2024 with $142 million in operating income and an operating margin of 0.8% while managing increased labor and supply costs. Sutter continues to show a positive operating income and sustained positive margins, which are vital to supporting our long-term, strategic plans to recruit more physicians and create greater access to care and services, as well as updating facilities, technology and equipment.
Expanding Access to Care
We’re bringing care closer to you. By adding more physicians, care teams and sites, we're increasing our ability to serve more patients and making it easier to access high-quality care.
We’ve added more than 1700 new physicians and clinicians to the Sutter network since 2023, and we’ve also opened or expanded several care centers in past year, including Folsom, Morgan Hill, Sacramento and San Mateo. Other capital projects announced in 2024 include an advanced neurological and neurosurgical care complex in San Francisco, a new comprehensive cancer center in Modesto and a new healthcare campus in Santa Clara. Numerous other projects to enhance and expand hospital services are also underway.
2024 marks the third consecutive year that Sutter has also seen a year-over-year increase in patients served. Our not-for-profit health system now serves 3.5 million patients in California, compared to 3.1 million in 2021.
Sutter Health and Affiliates – 2024 Financial Results:
Dollars in millions
| Sutter Health 2024 Financial Results | 2024 | 2023 |
|---|---|---|
| Total revenues | $18,207 | $16,130 |
| Total expenses | 18,065 | 15,810 |
| Income from operations | 142 | 320 |
| Nonoperating income (loss) | – | – |
| Investment income (loss), net | 771 | 679 |
| Gain (loss) on consolidation and deconsolidation | – | 48 |
| Other components of net periodic postretirement costs | 116 | 123 |
| Other | (21) | – |
| Total nonoperating income (loss), net | 866 | 850 |
| Net income (loss) | 1,008 | 1,170 |
| Capital Investment | 819 | 570 |
Read more about Sutter’s 2024 financial performance on Vitals.