5 health systems reporting massive operating losses: What ASCs need to know

Becker's Healthcare June 2, 2023
Patsy Newitt

In the last wealth, at least five health systems have reported multimillion-dollar operating losses for the first quarter ending March 31:

Here’s what ASCs need to know:

1. St. Louis-based Ascension posted a $1.8 billion operating loss in the nine months ending March 31. The nine-month loss was on revenue of $21.3 billion. In the quarter ending March 31, the 140-hospital system reported an operating loss of $1.4 billion on $6.9 billion in revenue.

2. Pittsburgh-based Allegheny Health Network, part of Highmark Health, posted an operating loss of $36.2 million in the first quarter, a significant improvement on the $105.5 million loss for the same period...

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