Sacramento-based Sutter Health reported an operating gain of $278 million in 2022 as expenses were largely on a par with 2021.
That figure compared with a $199 million gain in 2021. Revenue in 2022 totaled $14.8 billion for the 24-hospital system.
Overall expenses were up 3.3 percent from 2021, but salaries and benefits fell 1.7 percent to total $6.5 billion.
The robust operating performance helped offset non-operating losses which resulted in the system reporting an overall loss of $249 million. The $249 million loss compared with net income of $1.1 billion in 2021.
“Our operating financial performance has put Sutter in a position to reinvest more within the system, which can help support even higher quality, equitable healthcare for patients throughout California,” Warner Thomas, president and CEO, said in a statement.
Sutter Health employs 51,000 people and has a total of 282 facilities.