Ascension reduces operating loss as it rebounds from cyberattack

Cybersecurity Dive December 4, 2024
Susanna Vogel

A sweeping cyberattack this spring took the provider’s electronic health record offline for weeks and led to significant losses.

Dive Brief:

• Nonprofit hospital operator Ascension posted a $197 million loss from recurring operations for the first quarter of its 2025 fiscal year, a $1.2 billion improvement over the prior quarter.
• The system attributed the improvement to its continued recovery from a major cyberattack in May, as well as focus on volume growth, efficiency initiatives and rates and pricing.
• Ascension recorded a net income of $387 million for the period ended Sept. 30, representing a $1.0 billion turnaround from the prior year.

Dive Insight:

Once Ascension restored access to its electronic health record following May’s cyberattack, the system’s top...

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