Here’s what ASCs need to know:
1. St. Louis-based Ascension posted a $1.8 billion operating loss in the nine months ending March 31. The nine-month loss was on revenue of $21.3 billion. In the quarter ending March 31, the 140-hospital system reported an operating loss of $1.4 billion on $6.9 billion in revenue.
2. Pittsburgh-based Allegheny Health Network, part of Highmark Health, posted an operating loss of $36.2 million in the first quarter, a significant improvement on the $105.5 million loss for the same period last year.
3. Marshfield (Wis.) Clinic reported a $32.6 million operating loss in the first quarter. Total operating expenses in the first three months of this year were $812.3 million, a 7.1 percent increase, or $53.7 million, compared with the same period last year.
4. Livonia, Mich.-based Trinity Health, one of the largest nonprofit health systems in the country, reported an operating loss of $283.5 million for the first nine months of its fiscal year up to March 31.
5. St. Louis-based SSM Health reported higher operating expenses in the first quarter of 2023, which dragged the system to an operating loss of $16.5 million.
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.