1. St. Louis-based Ascension reported a full-year operating loss of $3 billion on revenue of $28.35 billion, compared with an $879.2 million loss on $27.98 billion in revenue last year. The $3 billion figure includes $1.5 billion of nonrecurring losses and impairment in the fiscal year ending June 30. That $1.5 billion figure compares with a gain of $26 million in 2022.
2. Chicago-based CommonSpirit reported an operating loss of $1.39 billion for the fiscal year ending June 30 on revenue of $34.51 billion with an adjusted operating margin of minus-3.9 percent. Those figures compare with an operating loss of $1.29 billion on revenue of $33.91 billion for the same period ending June 30, 2022.
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.
