“Management is committed to improving the financial condition of the organization and getting back to profitability, but expects this will be a multi-year process,” the company said in a Jan. 9 filing.
Fairview reported a net operating loss for the nine months ending Sept. 30, 2022, of $248.5 million amid higher expenses. Operating costs rose 5.5 percent year over year, while reimbursement rates are only going up between 1 and 2 percent, Fairview said, creating “intense margin pressure.”
Investment losses in 2022 totaled $314.4 million compared with a $125.3 million gain in 2021.
Fairview and Sioux Falls, S.D.-based Sanford Health announced plans to merge Nov. 15. The planned transaction is attracting scrutiny because of potential antitrust implications.
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
