The Sutter Health network of doctors, hospitals and other healthcare providers announced its financial performance for 2017. Income attributable to Sutter Health for 2017 was $893 million, compared to $554 million in 2016. The system’s total 2017 operating revenues remained consistent with 2016 at $12 billion. Sutter Health posted $651 million in investment income and changes in net unrealized gains and losses from investments classified as trading in 2017, compared to $252 million the prior year. Sutter Health’s combined 2017 income from the day-to-day operations of its hospitals, care centers and other services was $326 million, compared to $377 million in 2016.
Dollars in millions
2017 | 2016 | |
---|---|---|
Operating Revenue | $12,444 | $11,873 |
Operating Expenses | 12,118 | 11,496 |
Operating Income | 326 | 377 |
Investment Income | 336 | 23 |
Change in net unrealized gains/losses from investments classified as trading | 315 | 229 |
Loss on extinguishment of debt | (19) | (7) |
Income | 958 | 622 |
Less income attributable to non-controlling interests | (65) | (68) |
Income attributable to Sutter Health | 893 | 554 |
Capital Investment | $924 | $972 |