Ballad Health Financial Problems

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Ballad Health hospitals failing on quality and charity care promises

(6 days ago) WEBBallad has fallen short of the annual charity care commitment in the COPA agreement by about $20 million to $48 million each year, according to Tennessee Department of Health documents. The agency

https://www.usatoday.com/story/news/nation/2023/09/29/ballad-health-hospitals-fall-short-quality-and-charity-care/70975091007/

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Ballad operating loss $40 million for fiscal year ’23 - WJHL

(5 days ago) WEBJOHNSON CITY, Tenn. (WJHL) — Ballad Health posted its first-ever net operating loss for the year that ended June 30, and it was a big one as the system …

https://www.wjhl.com/news/local/ballad-loses-40-million-in-fiscal-year-ended-june-30/

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Standard & Poor's Maintains Credit Rating Ballad Health

(6 days ago) WEB“The S&P report wholistically reviewed Ballad Health’s financial and non-financial performance before and during the pandemic, and concluded that Ballad …

https://www.balladhealth.org/news/standard-poors-maintains-ballad-health-credit-rating

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Ballad Health Announces Fourth-Quarter and Year-End Results

(9 days ago) Highlights of Ballad Health’s Contributions to The RegionQuality of CarePatient SatisfactionFinancial ResultsResults from OperationsTwelve Months Ended June 20, 2020Capital InvestmentDebt ComplianceCredit RatingsDays Cash on HandFinancial highlights for the quarter ended June 30, 20201. During the fourth quarter, ending June 30, 2020, Ballad Health recognized $82.5 million in incremental federal funding provided through the Coronavirus Aid, Relief and Economic Security (CARES) Act. For purposes of transparency, financial results are reported with, and without, th…See more on balladhealth.orgPeople also askIs Ballad Health facing a difficult future?JOHNSON CITY, Tenn. (WJHL) — Ballad Health’s financial picture in the second half of 2022 hasn’t been pretty, and CEO Alan Levine said multiple factors leave hospital systems facing a very challenging near future. Ballad posted a $9.5 million operating loss in the quarter from July 1 through Sept. 30, which is officially its first […]Ballad Health posts quarterly loss; CEO says more challenges ahead - W…wjhl.comHow are balance problems diagnosed?Dr. Nancy Anoruo

https://www.balladhealth.org/news/fourth-quarter-and-year-end-results

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Ballad Health posts quarterly loss; CEO says more …

(8 days ago) WEBJOHNSON CITY, Tenn. (WJHL) — Ballad Health’s financial picture in the second half of 2022 hasn’t been pretty, and CEO Alan Levine said multiple factors leave hospital systems facing a v…

https://www.wjhl.com/news/local/ballad-health-posts-quarterly-loss-ceo-says-more-challenges-ahead/

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Fitch Ratings Maintains "A" Credit Rating Ballad Health

(7 days ago) WEBCiting Ballad Health’s strong financial planning and considerable credit resiliency, Fitch Ratings today announced it has affirmed Ballad Health’s “A” credit …

https://www.balladhealth.org/news/fitch-maintains-ballad-health-credit-rating

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Fitch Affirms Ballad Health, TN at 'A'; Outlook Stable

(7 days ago) WEBThe OG makes up approximately 79% of Ballad Health's total assets and 89% of its total revenues. ANALYTICAL CONCLUSION. The affirmation of the 'A' rating …

https://www.fitchratings.com/research/us-public-finance/fitch-affirms-ballad-health-tn-at-a-outlook-stable-23-05-2022

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Ballad Health reports operating loss of $37.3M - Becker's Hospital …

(6 days ago) WEBEmail. Johnson City, Tenn.-based Ballad Health reported an operating loss of $37.3 million for the three months ended March 31, compared to an operating income …

https://www.beckershospitalreview.com/finance/ballad-health-reports-operating-loss-of-37-3m.html

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After Ballad Health secured hospital monopoly, wait time in ER …

(7 days ago) WEBThen the ERs slowed. In 2022, Ballad reported a median ER time for admitted patients of about six hours. In 2023, it reported the same statistic at seven …

https://www.usatoday.com/story/news/nation/2024/04/09/ballad-health-secured-hospital-monopoly-er-wait-time-tripled/73183952007/

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Ballad Health claims better quality, financial performance over past

(1 days ago) WEBBallad Health says it has surpassed expectations in quality, financial performance, and capital investments over the past six months. Ballad was formed …

https://www.wjhl.com/news/local/ballad-health-claims-better-quality-financial-performance-over-past-six-months/

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These Appalachia Hospitals Made Big Promises to Gain a …

(9 days ago) WEBFederal health officials cited some of these same problems this year in issuing one-star ratings to three Ballad hospitals, including a flagship, Johnson City …

https://kffhealthnews.org/news/article/appalachia-ballad-health-copa-monopoly-charity-care-quality/

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Fitch Affirms Ballad Health, TN at 'A'; Outlook Stable

(7 days ago) WEBFinancial Profile. Ballad Health reported cash and unrestricted investments of $1.3 billion at June 30, 2022, down from $1.7 billion in the prior year (excluding $53.1 …

https://www.fitchratings.com/research/us-public-finance/fitch-affirms-ballad-health-tn-at-a-outlook-stable-25-04-2023

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Charity plans to wipe out $278M of Ballad Health's outstanding …

(5 days ago) WEBA national charity will buy $278 million in medical debt directly from Appalachian-area health system Ballad Health, helping provide financial relief to …

https://www.fiercehealthcare.com/finance/charity-purchases-abolishes-278m-ballad-health-s-outstanding-medical-debts

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Ballad Health sees Q2 operating loss of $49M, including EHR …

(1 days ago) WEBBallad Health said it completed its transition to Epic at all 21 hospitals Oct. 1 and has seen no disruption to its net revenue related to the EHR conversion. After …

https://www.beckershospitalreview.com/finance/ballad-health-sees-operating-loss-of-49-1m-including-ehr-install-costs.html

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Ballad Health reports annual results: high-ranking hospitals in …

(6 days ago) WEBBallad Health’s improved financial performance for the year follows dedicated expense management, improvements in productivity, reduced reliance on temporary/contract …

https://www.balladhealth.org/news/reports-annual-results-high-ranking-hospitals-strong-financial

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After Appalachian Hospitals Merged Into a Monopoly, Their ERs …

(2 days ago) WEBLuton added that Ballad’s ER time for admitted patients has dropped to about 7½ hours in the months since the company’s latest annual report. “On those …

https://kffhealthnews.org/news/article/ballad-health-er-wait-times-copa-monopoly-appalachia-hospitals/

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East Tennessee official says Ballad Health issued threat to care …

(8 days ago) WEBAlan Levine, the CEO of Ballad Health, told KFF News the merger was successful because it saved at least three hospitals from closing, adding most of the …

https://www.timesfreepress.com/news/2023/oct/13/east-tennessee-official-says-ballad-health-issued/

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New AHA report highlights mounting financial challenges for …

(Just Now) WEBThe AHA May 2 released a new report highlighting how hospitals and health systems continue to experience significant financial pressures that challenge their …

https://www.aha.org/news/headline/2024-05-02-new-aha-report-highlights-mounting-financial-challenges-hospitals

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Ballad Health issues inaugural Report to Our Communities

(9 days ago) WEBA new report published today by the health system provides details about Ballad Health, its mission and steps it has taken in the three years since its creation to …

https://www.balladhealth.org/news/ballad-issues-inaugural-report-to-communities

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Wage pressures, COVID and low growth all challenging Ballad …

(Just Now) WEBJOHNSON CITY, Tenn. (WJHL) — Ballad Health endured a brutal January to March quarter financially, but CEO Alan Levine said the hospital system isn’t …

https://www.wjhl.com/news/local/wage-pressures-covid-and-low-growth-all-challenging-ballad-health-bottom-line/

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Your Ballad Health Retirement Plan Programs - Lincoln Financial …

(7 days ago) WEBProspectuses for any of the mutual funds in the Lincoln Alliance® program are available at 800‑234‑3500. The Lincoln Alliance ® program includes certain services provided by …

https://www.lincolnfinancial.com/public/microsite/balladhealth/planinformation/retirementprograms

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Bill would repeal law that led to Ballad Health creation

(9 days ago) WEBSponsored by Johnson and Sen. Heidi Campbell (Nashville), SB2620/HB2600 calls the creation of Ballad “an economic experiment allowing …

https://www.wjhl.com/news/local/bill-would-repeal-law-that-led-to-ballad-health-creation/

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Homepage Ballad Health

(8 days ago) WEBFind the best urgent care option for you. Connect with a Ballad Health care provider in minutes. 24/7 Online Quick Care. Answer a few online questions & receive feedback in 1 …

https://ci.balladhealth.org/

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