The three largest nonprofit health systems, CommonSpirit Health (140 hospitals), Ascension (139 hospitals) and Trinity Health (88 hospitals), reported operating losses and margins in the red for the six months ending Dec. 31, but experienced slight improvements in performances in the final quarter of the year, Becker’s reports.
After factoring in nonoperating items, including a $238 million return on investments, CommonSpirit, recorded a net loss of $221 million for the second half of 2022.
After factoring in nonoperating losses, including a loss of $798.6 million from investments, Ascension posted a net loss of $1.2 billion for the six months ending Dec. 31, 2022.
After factoring in nonoperating items, including a $134 million return from investments, Trinity posted a net loss of $70 million for the six months ending Dec. 31. Read more.
