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Community Health Systems reported a $391 million loss in Q3, impacted by increased payer denials and operational disruptions from Hurricane Helene. Despite a slight rise in revenue to $3.09 billion, the health system faced a 330% increase in losses compared to the previous year, with more than half of denials stemming from Medicare Advantage plans. CHS is investing in enhanced financial services and physician adviser programs to combat these challenges while continuing to pursue strategic growth through facility sales and expansions.
Iredell Health System
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community health systems reports significant losses amid rising payer denials and hurricanes
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Iredell Health System
Hamilton Health Care System
Woodbridge Healthcare
Carbon Health
Community Health Systems, Inc.
USA
Tim Hingtgen
Kevin Hammons
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22:00 25.10.2024
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