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Beckers Hospital Review: Banner's operating income sinks 37% in first 9 months of 2018

November 30, 2018

 

Banner Health, a 28-hospital nonprofit system based in Phoenix, saw revenues increase in the first nine months of 2018, but the system ended the period with lower operating income.

 

Here are four things to know:
 

  1. Banner's revenues climbed 7.2 percent year over year to $6.3 billion in the first nine months of this year, according to unaudited financial documents released Nov. 28.
     

  2. Higher expenses offset Banner's revenue gains. Banner said expenses grew 8.7 percent year over year to $6.1 billion in the first nine months of this year.

 

 

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