BayCare revenue and income improve in Q1 2021
May 11, 2021 - BayCare Health System, the largest nonprofit healthcare provider in the Tampa-St. Petersburg area, posted gains in operating revenue and income in the first quarter of 2021. BayCare reported $1.18 billion in total operating revenue for the three months ended March 31, an 8.8 percent increase from the same quarter in 2020. The company reported $119.4 in operating income for Q1 2021, a 139 percent increase from the year-ago quarter. The total surplus, including non-operating revenue such as investment income, for Q1 2021 was $256.1 million, compared to a $656 million loss in the year-ago quarter, when the Covid-19 pandemic started to take a toll on the system. BayCare, headquartered in Clearwater, includes 15 hospitals, including St. Anthony's Hospital in St. Petersburg, as well as hundreds of other healthcare locations throughout the Tampa-St. Pete area and central Florida.