Sacramento, Calif.-based Sutter Health reported a year-over-year increase in revenues and net income in the first quarter of 2019, according to unaudited financial documents released May 29.
Five things to know:
1. Sutter's operating revenues totaled $3.3 billion in the first quarter of this year, up 6 percent from the same period of 2018. The boost was attributable to higher patient service revenues and premium revenues, which climbed 5.4 percent and 9.6 percent, respectively, year over year.
2. After factoring in operating expenses, which increased 6 percent year over year, Sutter ended the first quarter of 2019 with operating income of $38 million. That's up from the operating income of $35 million the nonprofit health system reported in the first quarter of 2018.
3. Sutter's operating margin climbed from 1.1 percent in the first quarter of 2018 to 1.2 percent in the first quarter of this year.
4. In the first quarter of 2019, Sutter's income from investments and unrealized stock gains totaled $374 million, up from $46 million in the same period a year earlier.
5. Net income attributable to Sutter totaled $394 million in the first quarter of this year, up from $86 million in the same period of 2018.
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