St. Louis-based Mercy Health posted an operating income of $157.4 million (1.7% operating margin) in fiscal year 2024, up from an operating income of $11.8 million (0.1% operating margin) in 2023, according to its Sept. 19 financial report.
The system reported total operating revenues of $9.3 billion for the year ended June 30. Patient service revenues were $8.3 billion, up from $7.3 billion over the same period last year. Capitation revenues were $418.4 million, up from $237.4 million over the same period in 2023.
Total operating expenses were $9.1 billion, up from $8 billion in 2023. Salary and benefit expenses were $5.1 billion, up from $4.6 billion over the same period last year. Supply and other expenses were $3,4 billion, up from $2.9 billion last year. Medical claim expenses were $199.2 million, up from $102.7 million last year.
Mercy Health posted a net income of $539.7 million in 2024, up from a net income of $179.9 million last year.