Higher patient volume boosted BJC HealthCare's revenue last year, but the St. Louis-based system ended 2016 with lower operating income than the year prior.
BJC recorded revenues of $4.8 billion in 2016, up 11.8 percent from revenues of $4.3 billion in 2015, according to recently released bondholder documents. The increase was largely attributable to higher net patient service revenue. BJC said admissions, outpatient visits and surgeries each increased in 2016 compared to the year prior.
Despite the year-over-year revenue growth, BJC saw its operating income decrease in 2016 after factoring in expenses. The system's expenses totaled $4.6 billion last year, up 13.8 percent from $4 billion in 2015.
BJC's operating income fell to $141.8 million in 2016, a 30 percent decrease from $202.3 million in 2015.
Due to nonoperating gains, BJC ended 2016 with net income of $387.1 million, up from $93.6 million in 2015.
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