{
Woodbridge Healthcare

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001122334455554433221100

community health systems reports significant losses amid rising payer denials and hurricanes

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.
Fierce Healthcare
United States Dollar Iredell Health System Hamilton Health Care System Woodbridge Healthcare Carbon Health Community Health Systems, Inc. USA Tim Hingtgen Kevin Hammons Show more
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22:00 25.10.2024
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