Revenue increased 11.1% year over year to $2.15 billion while expenses rose 8.5% to $2.28 billion. After including the performance of its investment portfolio and other nonoperating items, Health First ended FY 2023 with a net gain of $18.4 million, compared with a net loss of $169.7 million in the previous fiscal year.
Health First is partly owned by Altamonte Springs, Fla.-based AdventHealth, which acquired a noncontrolling stake in the system as part of a $350 million deal in January 2020.
The system operates four acute care hospitals — including its 550-bed facility, Holmes Regional Medical Center —- as well as a Medicare health management organization and a commercial insurance plan. It is planning a $508 million expansion project that will include 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
