Five things to know:
1. Total revenue was $4.7 billion in 2023, a 7.9% increase from $4.4 billion in 2022.
2. Allegheny’s operating expenses were $4.9 billion in 2023, up 7.4% from 2022.
3. The health system saw net loss of $140.3 million in 2023, a 41.8% increase from a loss of $241 million in 2022.
4. Total days of cash on hand was 54 in 2023, a 22.9% decrease from 70 days cash on hand the previous year.
5. Allegheny saw an operating loss of $28.6 million in the fourth quarter of 2023, ended Dec. 31, a 55.8% improvement from the same quarter in 2022. Total revenue was $1.24 billion, with total expenses at $1.26 billion in the fourth quarter of 2023.
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
