The first-quarter operating deficit represents a reversal of the overall 2022 operating gain of $68.2 million, according to a company filing. However, Novant saw an operating loss of $17.2 million in the first quarter of 2022.
Novant Health, a 15-hospital system, reported operating revenues of $1.94 billion for Q1 2023 and expenses of $1.95 billion. Its overall income totaled $84.2 million.
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