Beckers Hospital Review: CHS sees net loss swell to $325M in Q3
Franklin, Tenn.-based Community Health Systems, which operates 118 hospitals, saw its net loss grow in the third quarter of 2018.
CHS said revenues dipped to $3.45 billion in the third quarter of 2018, down 6 percent from $3.67 billion in the same period of the year prior. The decline was partially attributable to CHS operating 15 fewer hospitals in the third quarter of 2018 than in the same period of 2017. On a same-hospital basis, revenues climbed 3.2 percent year over year.
CHS said same-hospital admissions decreased 2.3 percent year over year. When adjusted for outpatient activity, admissions were down 0.8 percent in the third quarter of 2018 compared to the same period a year earlier.