m

Advocate Health posts $579M bottom line gain in Q1

Charlotte, N.C.-based Advocate Health reported $10.4 million in operating income — representing a 0.1 percent operating margin — and overall gain of $578.7 million for the three months ended March 30, its first full quarter.

The 67-hospital system, formed after Atrium Health merged with Advocate Aurora Health, posted $7.54 billion in revenue, with expenses hitting $7.53 billion in the first quarter. 

A $610.4 million return on investments lifted the health system's bottom line to $578.7 million. Total net assets for the period were $24.9 billion, while its cash and cash equivalents dipped from $1.44 billion to $1.27 billion over the course of the quarter.

Here's a breakdown of first-quarter results by division:

Advocate Aurora Health
Revenue: $3.9 billion 
Expenses: $3.8 billion
Operating income: $96.3 million 

Atrium Health Wake Forest Baptist
Revenue: $1.15 billion
Expenses: $1.17 billion
Operating loss: $ -20.5 million

The Charlotte-Mecklenburg Hospital Authority Combined Group
Revenue: $2.08 billion
Expenses: $2.07 billion
Operating income: $10.8 million

The combined system performed 108.045 surgeries in the first quarter — 30,239 inpatient and 77,806 outpatient —- and recorded 532,167 emergency department visits. 

Advocate Health's annual revenue is projected to be around $27 billion. The health system has more than 150,000 employees and serves 6 million patients a year across Illinois, Wisconsin, North Carolina, South Carolina, Georgia and Alabama. 

Copyright © 2025 Becker's Healthcare. All Rights Reserved. Privacy Policy. Cookie Policy. Linking and Reprinting Policy.


You can unsubscribe from these communications at any time. For more information, please review our Privacy Policy
.
 

Articles We Think You'll Like