{"id":620900,"date":"2023-03-22T17:49:30","date_gmt":"2023-03-22T22:49:30","guid":{"rendered":"https:\/\/news.sellorbuyhomefast.com\/index.php\/2023\/03\/22\/intermountain-health-operating-income-plummets-amid-headwinds\/"},"modified":"2023-03-22T17:49:30","modified_gmt":"2023-03-22T22:49:30","slug":"intermountain-health-operating-income-plummets-amid-headwinds","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2023\/03\/22\/intermountain-health-operating-income-plummets-amid-headwinds\/","title":{"rendered":"Intermountain Health operating income plummets amid headwinds"},"content":{"rendered":"
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Intermountain Health’s merger with SCL Health bolstered the nonprofit health system’s financial performance by $4 billion last year, the company disclosed Tuesday.<\/p>\n

Net income grew 6.5% to $2.63 billion in 2022 while revenue rose 29.6% to $13.94 billion.<\/p>\n

Not counting the merger-related boost, Salt Lake City-based Intermountain Health recorded a net operating income of $121 million in 2022\u2014an 81.6% plunge from 2021. This reflects a challenging economic environment characterized by rising costs for labor, supplies and other priorities. Expenses rose 36.9% to $13.16 billion, including a 47.3% jump in employee compensation spending.<\/p>\n

Intermountain Health, which operates 33 hospitals, nearly 400 clinics and a health insurance business that covers about 1 million people, also sustained $1.57 billion in investment losses last year.<\/p>\n

Intermountain and Broomfield, Colorado-based SCL Health finalized their merger<\/a> last April. The companies touted the benefits<\/a> of scaling digital services while not materially consolidating their operations.<\/p>\n

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\n Caroline Hudson<\/p>\n","protected":false},"excerpt":{"rendered":"

Skip to main content Intermountain Health’s merger with SCL Health bolstered the nonprofit health system’s financial performance by $4 billion last year, the company disclosed Tuesday. Net income grew 6.5% to $2.63 billion in 2022 while revenue rose 29.6% to $13.94 billion. Not counting the merger-related boost, Salt Lake City-based Intermountain Health recorded a net<\/p>\n","protected":false},"author":1,"featured_media":620901,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[267,37886],"tags":[],"class_list":{"0":"post-620900","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-health","8":"category-intermountain"},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/620900","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=620900"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/620900\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/620901"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=620900"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=620900"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=620900"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}