Clearwater, Fla.-based BayCare Health System may have reported an overall loss for 2022, but its operating income registered $338 million for the year on revenues of $5.1 billion.
The system, which has a total of 3,899 licensed beds, did report a 7.7 percent increase in salary, wages and benefits, while its overall expenses were up 5.7 percent.
The overall loss for the system was $535 million mainly because of investment performance. That compared with net income of $1.1 billion in 2021.
BayCare Health operates 16 hospitals.