The health system also posted a $10.9 million net loss after accounting for investment returns. Current total assets were $117.5 million, while long-term assets were $525.6 million.
Total operating revenue was $395.4 million, about $17.5 million short compared to the $413 million in total operating expenses.
Aurora, Colo.-based UCHealth and Parkview Health System agreed to merge in January, and the deal is expected to close by mid-2023.
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.
