Operating margin for the year was -0.9% as of Sept. 30, compared with 1% for the nine-month period last year.
Year over year for the nine-month period, revenues for the 35-hospital system increased 9.3% to $20.6 billion while expenses grew by 11.4% to $20.8 billion, according to financial documents. Labor costs increased 6.9% to $7.2 billion and supply costs were up 13.6% to $5.5 billion.
As of Sept. 30, 2023, unrestricted cash and investments over long-term debt decreased $181 million compared to Dec. 31, 2022. Days in accounts receivable at Sept 30, 2023, and Dec. 31, 2022, were 43 and 45, respectively.
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
