Clearwater, Fla.-based BayCare Health System saw operating revenue and net income climb in 2017 compared to the year prior, according to recently released bondholder documents.
BayCare reported operating revenue of $3.9 billion in 2017, a 6.9 percent increase year over year. The growth is partially attributed to a rise in net patient service revenue.
While operating revenue increased, the system also saw higher operating expenses last year. BayCare said operating expenses rose from $3.4 billion in 2016 to $3.6 billion in 2017. The system ended 2017 with operating income of $342.7 million, up 7.5 percent from $318.8 million in 2016.
After factoring a rise in investment income, BayCare reported net income of $803.4 million in 2017, up from $611.9 million the year prior.
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