CommonSpirit Reports $3.4 Billion Loss Amid Billing Contract Exit
CommonSpirit Health reported a net loss of $3.4 billion for the quarter ended March 31, driven by a multi-billion dollar charge from terminating its billing vendor contract and delays in California's Medicaid provider tax model approval. This compares to a much smaller loss of $69 million during the same period last year.
Topics: Billing Contracts Healthcare Hospital Operations Nonprofit Financials