Over the past two years, the Sutter Health system (Sutter) has responded to the COVID-19 pandemic and managed the pandemic’s vast impact across its Northern California footprint. Through efforts from teams across the network, Sutter reported an operating income of $199 million and an operating margin of 1.4% in 2021—despite ongoing challenges including staffing availability and $500 million per year in inflationary pressures, as well as regulatory and labor costs. Additionally, Sutter posted $880 million in investment income and changes in net unrealized gains and losses from investments in 2021.
Dollars in millions
|Operating Revenue||$ 14,225||$ 13,220|
|Income (loss) from Operations||199||(321)|
|Change in net unrealized gains and losses on investments||122||440|
|Other components of net periodic postretirement cost||142||78|
|Loss on extinguishment of debt||-||(202)|
|Less income attributable to non-controlling interests||(83)||(66)|
|Income (loss) attributable to Sutter Health||1,138||134|
Read more about Sutter’s 2021 financial performance on Vitals.