SACRAMENTO, Calif.—Sutter Health’s (Sutter) audited financial statements for 2024 show a continued stable financial position, as teams across the system cared for 3.5 million patients or nearly 100,000 more than in 2023 and under the new leadership of CEO Warner Thomas for a second year. The organization ended 2024 with $142 million in operating income and an operating margin of 0.8% while managing increased labor and supply costs. Sutter continues to show a positive operating income and sustained positive margins, which are vital to supporting the organization’s long-term, strategic plans to recruit more physicians and create greater access to care and services, as well as updating facilities, technology and equipment.

“Our teams have done tremendous work so we can continue delivering the most comprehensive, integrated and connected care to our patients and our communities,” said Thomas. “We are looking forward to building on this great work in the years ahead and leading the way in continuing to invest in our communities so that all Californians have access to the healthcare they need.”

Expanding Access to Care across California

Sutter’s efforts to meet growing patient demand really took shape in 2024. It added approximately 1,000 physicians and advanced practice clinicians across the region. Sutter also opened or expanded several care centers in 2024, including Folsom, Morgan Hill, Sacramento and San Mateo. Other capital projects announced in 2024 include an advanced neurological and neurosurgical care complex in San Francisco, a new comprehensive cancer center in Modesto and a new healthcare campus in Santa Clara. Numerous other projects to enhance and expand hospital services are also underway. Additionally, Sutter played a critical role in maintaining highly specialized cancer treatment services in several Central Valley and Central Coast communities by acquiring five radiation oncology centers. This is the third consecutive year Sutter has seen a year over year increase in patients served. The not-for-profit health system now serves 3.5 million patients in California, compared to 3.1 million in 2021.

Continued Investments in Our Communities

Sutter’s investments in community benefit programs and services increased to more than $1 billion in 2024. This investment includes $96 million in traditional charity care, which covers medically necessary care to eligible patients, regardless of their ability to pay; $665 million in unreimbursed costs of providing care to Medi-Cal patients; and investments in community health programs to address identified community health needs. In 2024, Sutter sharpened its focus to address pressing community needs in three main priority areas: workforce development, access to mental healthcare services and substance use treatment, and chronic disease prevention.

Sutter Health and Affiliates – 2024 Financial Results: