Revenue increased 16.1% year over year to $3.61 billion while expenses grew by 13.3% to $3.57 billion, according to financial documents published Aug. 29. Salaries increased 11.1% to $1.58 billion while employee benefits rose 17.9% to $391.7 million.
After accounting for nonoperating items, such as investment returns, Dartmouth ended the fiscal year with a net income of $238.2 million, compared to a $13.4 million net loss in the previous fiscal year.
Days of cash on hand was 144 on June 30, up from 126 one year previously.
The health system acquired Valley Regional Hospital, a 25-bed facility in Claremont, N.H., effective July 31. Dartmouth is New Hampshire’s only academic health system and the largest private employer in the state.
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
