More health systems post million-dollar losses: What ASCs need to know 

Becker's has covered at least eight major health systems that have reported million-dollar losses in the last month. 

  1. Renton, Wash.-based Providence, a 51-hospital system, reported a $1.7 billion operating loss for fiscal 2022 amid labor and inflationary pressures. 
  2. 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.
  3. 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. 
  4. 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.
  5. 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.
  6. Albuquerque, N.M.-based Presbyterian Healthcare Services reported an overall loss of $370.7 million in 2022 as heavy investment declines dragged down performance.
  7. 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.
  8. Minneapolis-based Allina Health reported an operating loss of $195.4 million in 2022 as rising expenses and a nursing strike dented performance.

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