Integrated healthcare delivery system Sutter Health has announced its financial performance for 2018. Sutter Health’s combined 2018 income was $201 million, which reflects the day-to-day operations of its hospitals, physician based care centers and a variety of other healthcare services, compared to $326 million in 2017. The system’s total 2018 operating revenues of $13 billion increased slightly from 2017’s operating revenues. Sutter Health posted $(267) million in investment income and changes in net unrealized gains and losses from investments classified as trading in 2018, compared to $651 million the prior year. Income attributable to Sutter Health for 2018 was $(198) million, compared to $893 million in 2017.
Dollars in millions
2018 | 2017 | |
---|---|---|
Operating Revenue | 12,697 | 12,444 |
Operating Expenses | 12,496 | 12,118 |
Income from Operations | 201 | 326 |
Investment Income | 187 | 336 |
Income from Operations | 201 | 326 |
Change in net unrealized gains/losses from investments classified as trading | (454) | 315 |
Loss on extinguishment of debt | (54) | (19) |
(Loss) Income | (120) | 958 |
Less income attributable to non-controlling interests | (78) | (65) |
(Loss) Income attributable to Sutter Health | (198) | 893 |
Capital Investment | 924 | 924 |