Becker's Healthcare June 5, 2023
Clearwater, Fla.-based BayCare Health System reported operating income of $338 million in 2022 on revenues of $5.1 billion.
The system also has an “AA” rating and stable outlook with Fitch, reflecting an excellent financial profile supported by its leading market position in a four-county area and the ability to sustain a solid operating outlook in the face of inflationary sector headwinds, Fitch has said.
Becker’s took the opportunity to talk with BayCare’s CFO, Janice Polo, as to clues why the 16-hospital system reported such relatively strong operating income. Its overall 2022 income totaled a net loss of $535 million compared with net income of $1.1 billion in 2021.
Question: What can you point to as to why BayCare apparently performed...
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