Becker's Healthcare March 28, 2024
St. Louis-based Ascension continues to improve its operating performance and aims to ensure long-term sustainability for the health system on the back of a $3 billion operating loss in fiscal year 2023.
In the fiscal first quarter of 2024, which ended Sept. 30, Ascension reported a net operating loss of $194 million, a significant improvement over the previous quarter. It carried that momentum into fiscal Q2 with an operating income of $38.5 million — up from a $291.4 million loss during the same period the previous year.
While second-quarter results demonstrate that Ascension continues to “move in the right direction,” according to CFO Liz Foshage, the system remains focused on strengthening its financial performance by improving service line...
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