Becker's Healthcare November 18, 2024
Chicago-based CommonSpirit reported an operating loss of $331 million (-3.5% operating margin) in the first quarter of fiscal 2025, an improvement from a $402 million operating loss (-4.7% margin) reported over the same period last year, according to its Nov. 18 financial report.
CommonSpirit reported total operating revenues of $9.4 billion for the three months ended Sept. 30, up 10.7% from the same period last year. Net patient service revenues increased 10.9% year over year to $8.5 billion. Premium revenue increased 1.8% to $401 million. Other operating revenue increased 21.1% to $459 million.
“Our modest revenue increases, while encouraging, affirm our continued focus on receiving the revenue we are entitled to for services...
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