Becker's Healthcare November 13, 2024
Salt Lake City-based Intermountain Health has reported $399 million in operating income (3.1% margin) for the nine months ending Sept. 30, more than double the $157 million operating gain (1.3% margin) reported in the same period last year.
Revenue for the nine-month period increased 7.8% year over year to $12.8 billion, including a 9.1% increase in patient services to $7.6 billion, according to financial documents published Nov. 12.
Expenses for the nine months ending Sept. 30 increased 6.5% year over year to $11.9 billion. Under expenses, labor costs grew by 4.6% year over year to $5.4 billion and supply costs increased 7% to $2.3 billion.
After accounting for nonoperating items, such as investment returns, Intermountain reported a...
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