Those figures compared with an operating loss of $1.6 million on $1.1 billion revenue in 2021. The system saw a $76.4 million net loss amid declines in its investment portfolio, compared with net income of $90.2 million in 2021.
The loss of the 31 jobs is part of about 100 positions overall being lost at Valley Health, a six-hospital system employing about 6,000 people.
“Valley Health remains a financially strong and stable health system,” Mark Nantz, Valley Health CEO and president, said at the time of the 31 jobs announcement. “Our board and I are of the mind that acknowledging and addressing this changing environment now will help avoid more drastic cuts in the future.”
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