While the amendment to the existing credit was agreed for a year from Sept. 28, 2022, the 21-hospital system said it did not file the news in a timely manner. Ballad Health has not drawn on the line of credit.
The health system reported an operating loss for the first quarter of $18.5 million compared to a prior year loss of $37.3 million in the same period. The operating loss for the nine-month period ending March 31 was $17.6 million compared to prior year income of $29.8 million.
For the nine months ended March 31, Ballad Health’s days’ cash on hand was 214, exceeding its obligation of a minimum of 100 days.
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
