The seven-hospital system reported operating income of $155.8 million in 2021. Revenue was up almost 6 percent on 2021, totaling $2.7 billion.
The overall loss for the system was $112.5 million versus net income of $340.5 million in 2021 as investment values slumped by almost $250 million.
Parkview Health, whose former CEO, Mike Packnett, retired at the end of 2022, operates a flagship tertiary care center, Parkview Regional Medical Center. It also runs six community hospitals in Northeast Indiana.
The system has a joint venture with a local orthopedic physician group to operate a for-profit orthopedic hospital.
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.
