Five things to know:
1. Oakland, Calif.-based Kaiser Permanente reported $233 million in operating income for the first quarter of 2023, up from a $72 million operating loss in the same period in 2022.
2. Cleveland Clinic reported $335.5 million net income for the first quarter of 2023, compared with a $282.5 million loss over the same period in 2022.
3. Phoenix-based Banner Health transformed a $46 million operating loss in the first quarter of 2022 into a $128 million gain in the first quarter of 2023.
4. Boston-based Mass General Brigham reported a $361 million gain for the second quarter ending March 31, which is up from a $867 million loss in the same period last year.
5. Indianapolis-based IU Health reported operating income of $45.1 million for the first quarter compared to a loss of $29.8 million for the same period in 2022.
Read more about how hospitals are making a financial comeback here.
At the Becker’s 32nd Annual Meeting: The Business and Operations of ASCs, taking place October 29-31 in Chicago, ASC leaders, surgeons and healthcare executives will explore strategies to drive growth, enhance operational performance, navigate reimbursement challenges and prepare for the future of ambulatory surgery. Apply for complimentary registration now.
