Prediction of lithium-ion batteries remaining useful life (RUL) plays an important role in an intelligent battery management system. The capacity and internal resistance are often used as the batteries health indicator (HI) for quantifying degradation and predicting RUL. However, on-line measurement of capacity and internal resistance are hardly realizable due to the not fully charged and discharged condition and the extremely expensive cost, respectively. Therefore, there is a great need to find an optional way to deal with this plight. In this work, a novel HI is extracted from the operating parameters of lithium-ion batteries for degradation modeling and RUL prediction. Moreover, Box-Cox transformation is employed to improve HI performance. Then Pearson and Spearman correlation analyses are utilized to evaluate the similarity between real capacity and the estimated capacity derived from the HI. Next, both simple statistical regression technique and optimized relevance vector machine are employed to predict the RUL based on the presented HI. The correlation analyses and prediction results show the efficiency and effectiveness of the proposed HI for battery degradation modeling and RUL prediction.