News Headlines Article

Adventist Health sees revenue climb, net income plummet
Sacramento Business Journal

Net income at nonprofit Adventist Health plummeted to $55.1 million in 2013 from $133.1 million in 2012, evidence of challenges as the industry adapts to federal health reform.

Revenue climbed to $3.1 billion from $2.7 billion, but expenses and investments for the future more than halved the bottom line.

Hospital admissions dropped slightly, but emergency room visits were up and patients spent more time in the hospital once they got a bed, evidence of higher acuity among those who were admitted. Outpatient visits declined, but rural health clinic visits — a sweet spot for Adventist — climbed a lot.