Becker's Healthcare December 18, 2024
Financial headwinds, such as rising labor and supply costs, continued to challenge health systems during the third quarter.
Below are 14 systems that recorded operating losses during the three-month period ended Sept. 30; however, several systems on the list saw year-over-year improvements:
Editor’s note: This is not an exhaustive list. Systems are listed in alphabetical order.
1. 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. 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...
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