Ballad Health Is Reporting A Rough Third Quarter For This Year. Operating Losses Totaled $18.6 Million. The Hospital System Lost $40 Million In Fiscal 2023 Which Ended In June. That Was The Five-Year-Old Health System’s First Annual Operating Loss. Ballad’s Report Showed Labor Costs Drove Much Of The $31.8 Million In Higher Expenses Compared To The Same Quarter A Year Ago.