Five things to know:
1. Third-quarter revenue increased 1% year over year to $190.9 million while expenses grew by 1.4% to $187.6 million, according to financial documents published Nov. 22.
2. Net patient service revenue totalled $178.9M in the third quarter, growing 2.7% year over year and 2% over the prior quarter. Third-quarter commercial revenues remained strong at 25% versus 23% in the prior year.
3. Unrestricted days of cash on hand was 215 on Sept. 30, an increase of 19 days from June 30. Accounts receivable days improved to 48.3 from 50.6 on June 30.
4. As of Sept. 30, long-term debt for the health system was $270.7 million.
5. Adena reported a net income of $25.8 million in the third quarter, compared to a $12 million net loss in the same period last year.
Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit
