Community Health Systems reported a net loss of $391 million for the third quarter, significantly impacted by high payer denials, increased workforce expenses, and damages from Hurricanes Helene and Milton, which led to canceled procedures and facility closures. The ShorePoint Health System in Florida suffered major flooding, with estimated losses of $7 million, while ongoing remediation efforts are expected to incur additional costs. Despite a 4.1% decrease in admissions, CHS is enhancing its utilization review and financial services to combat rising denial rates from insurers.
