Becker's Healthcare December 6, 2024
Pittsburgh-based Allegheny Health Network reported an operating loss of $40 million (-3% margin) in the third quarter of 2024, an improvement from an operating loss of $60.1 million (-5% margin) in the third quarter of 2023, according to its most recent financial report.
Here are four things to know:
1. Net loss for AHN was $13 million in the third quarter of 2024, down from a net loss of $66.8 million in the third quarter of 2023.
2. Total revenue for the system was $1.3 billion in the third quarter, an 8% increase from $1.2 billion during the same period in 2023. Expenses were $1.3 billion in the third quarter, up from $1.2 billion...