Ballad Health Saving Millions Of Dollars A Year In Health Care Costs, Despite Pandemic

Ballad Health has reduced the cost of healthcare by millions of dollars annually since its creation as the region’s largest health care provider. That’s according to Ballad CEO, Alan Lavine who went on to say in Ballad’s Inaugural Report to the Community that Ballad also maintained and improved access to healthcare in rural communities as well as recruited 287 new providers to the region since 2018, including 136 doctors, six of whom are highly specialized pediatric physicians and 151 advanced practice providers. The inaugural report summarizes three years of work and the community can expect an annual update to this report. Fitch Ratings recently affirmed Ballad Health’s “A” rating with a stable outlook despite the financial impact of the COVID-19 pandemic…citing Ballad’s strong cash management and a 200 million dollar investment into common technology platform conversion.