- Renton, Wash.-based Providence, a 51-hospital system, reported a $1.7 billion operating loss for fiscal 2022 amid labor and inflationary pressures.
- St. Louis-based, 139-hospital Ascension recorded a $410 million operating loss in the second half of 2022, compared with an operating income of $31 million during the same period last year.
- Livonia, Mich.-based Trinity Health, one of the largest nonprofit health systems in the country, reported an operating loss of approximately $298 million for the six months ending Dec. 31.
- Pittsburgh-based UPMC reported a $916 million loss in 2022. The 40-hospital system was able to report an operating gain of $162 million for the year, down from $843 million in 2021, but losses of $1.1 billion on investments and financing dragged down the overall figure.
- Lebanon, N.H.-based Dartmouth Health, which said recruitment and retention of high quality staff remains one of its highest priorities, reported a $78 million operating loss for the six months ending Dec. 31.
- Albuquerque, N.M.-based Presbyterian Healthcare Services reported an overall loss of $370.7 million in 2022 as heavy investment declines dragged down performance.
- Indianapolis-based Indiana University Health posted a $715 million net loss in 2022 — down from a net gain of $861.5 million the prior year — as labor costs and other expenses outpaced a slight uptick in operating revenue.
- Minneapolis-based Allina Health reported an operating loss of $195.4 million in 2022 as rising expenses and a nursing strike dented performance.
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.
