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 included as part of the filing for Smyth County Community Hospital (Acute Hospital) and is therefore not 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: 12/14/2023

Financial Information

For Fiscal Year 7/1/2020 - 6/30/2021
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 $451,746,319
Other operating revenue $73,296,128
Net assets released from restriction $0
Total operating revenue $525,042,447

Expense

Labor$217,796,155
Non-labor$216,753,978
Capital$46,408,614
Taxes$418,902
Total operating expense$481,377,649
.
Operating income$43,664,798
Net non-operating gains (loss)$5,380,785
Revenue and gains
in excess of expenses and losses$49,045,583

Balance Sheet

Current assets$153,457,284
Net fixed assets$0
Other assets$680,559,430
Total assets$834,016,714
.
Current liabilities$76,029,455
Long term liabilities$67,532,678
Total liabilities$143,562,133
Total net assets$690,454,581

Click here for more information on operating and total margins.

Updated on: 05/18/2023

Subsidiaries

The facilities included below submit Annual Historical Filings to VHI, inclusive of financial and utilization information.
Please note that this is not a comprehensive list of subsidiaries associated with each parent company.

Facility Name	City	Facility Type
Ballad Health Urgent Care Abingdon 24530 Falcon Place Blvd Ste 100	Abingdon	Freestanding
Dickenson Community Hospital 312 Hospital Drive	Clintwood	Critical Access Hospital
Francis Marion Manor Health & Rehabilitation 100 Francis Marion Lane	Marion	Nursing Home
Johnston Memorial Comprehensive Cancer Center Johnston Memorial Hospital	Abingdon	Freestanding
Johnston Memorial Hospital 16000 Johnston Memorial Drive	Abingdon	Acute Hospital
Lee County Community Hospital 127 Health Care Drive	Pennington Gap	Critical Access Hospital
Lonesome Pine Hospital 1990 Holton Avenue, East	Big Stone Gap	Acute Hospital
Lonesome Pine Norton 1990 Holton Avenue, East	Big Stone Gap	Acute Hospital
Mountain View Regional Medical Center - LTCU 310 Third Street, NE	Norton	Hospital - Long Term Care Unit
Norton Community Hospital 100 Fifteenth Street, NW	Norton	Acute Hospital
Ridgeview Pavilion (Bristol Region) 103 North Street	Bristol	Psychiatric Hospital
Russell County Hospital PO Box 3600	Lebanon	Acute Hospital
Smyth County Community Hospital 245 Medical Park Drive	Marion	Acute Hospital
Southwest Virginia Cancer Center 671 Highway 58 East	Norton	Freestanding
Total Facilities: 14

Virginia Parent Companies