The hike in expenses and a steep decline in investment returns meant the healthcare system recorded an overall loss of $232.5 million in the year ended Sept. 30 compared with a net gain of $189.3 million in 2021.
The Health First system includes four acute care hospitals with the 550-bed facility, the Holmes Regional Medical Center, the largest. The system also operates a Medicare health management organization and a commercial insurance plan, as well as primary care centers.
The system is partly owned by Altamonte Springs, Fla.-based AdventHealth, which has a non-controlling stake in Health First, effective Jan. 3, 2020.
Health First plans to invest over $500 million in an expansion project, which will include the building of a new 120-bed hospital.
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
