Ballad Health

General Info

Our General Information includes locations, prices, facility size and other information to get you started comparing facilities.

Address:
Ballad Corporate Finance
Kingsport, TN 37660
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(423) 416-0019

Administrator:
Shane Hilton
CFO, Corp, Retail, & Non Acute Services

EPICS Variation Comments: The individual balance sheet is not inclusive of all hospital data and is not provided to management, board of directors, bondholders, etc. The consolidated corporate balance sheet includes all cash, investments, accounts payables, fixed assets, debt, etc. As of 02/01/2018 Mountain States Health Alliance merged with Wellmont Health System to form Ballad Health. The Balance Sheet for Ridgeview Pavilion (Psychiatric Hospital) is not included as it is part of Bristol Regional Medical Center (Acute Hospital) located in TN and is therefore not included in the Hospitals column in the BS section. The Balance Sheet for Francis Marion Manor Health & Rehabilitation (Nursing Home) is NOT included as part of the filing for Smyth County Community Hospital (Acute Hospital) and is therefore included in the Nursing Home column in the BS section. The Balance Sheet for Mountain View Regional Medical Center-LTCU (Hospital - Long Term Care Unit) is included as part of the filing for Wellmont Mt. View Regional Medical Center (Acute Hospital) and is therefore not included in the Nursing Home column in the BS section.

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Website: www.balladhealth.org

Updated on: 04/30/2024

Financial Information

For Fiscal Year 7/1/2021 - 6/30/2022
Why is this important?

Parent Hospital financial information was originally intended to benefit of large employers and purchasers of care.
However, consumers should know that financially healthy hospitals may be better able to provide charity care and invest in infrastructure, and technology.

Revenue

Net patient service revenue $534,237,477
Other operating revenue $63,231,751
Net assets released from restriction $0
Total operating revenue $597,469,228

Expense

Labor$239,823,808
Non-labor$215,369,420
Capital$36,034,732
Taxes$22,030,044
Total operating expense$513,258,004
.
Operating income$84,211,224
Net non-operating gains (loss)$30,840,177
Revenue and gains
in excess of expenses and losses$115,051,401

Balance Sheet

Current assets$67,588,386
Net fixed assets$0
Other assets$437,824,319
Total assets$505,412,705
.
Current liabilities$84,022,528
Long term liabilities$201,398,259
Total liabilities$285,420,787
Total net assets$219,991,918

Click here for more information on operating and total margins.