Operating losses continue to weigh on many hospitals and health systems across the U.S. amid continued healthcare industry headwinds.
Following is a list of 10 health systems that reported operating losses in the second quarter of 2026. The losses range from $2.7 million and -0.04% operating margin at Mount Sinai Health System to $167.2 million and a -16.6% operating margin at Maimonides Health.
Editor’s note: This is not an exhaustive list. The following financial results are for the three months ending June 30, 2026, unless otherwise stated.
1. Mount Sinai Health System (New York City)
*Results for the six months ending June 30
Revenue: $6.4 billion
Expenses: $6.4 billion
Operating loss: $2.7 million
Operating margin: -0.04%
2. UPMC (Pittsburgh)
Revenue: $5.5 billion
Expenses: $8.5 billion
Operating loss: $18.3 million
Operating margin: -0.2%
3. Dana-Farber Cancer Institute (Boston)
Revenue: $1.1 billion
Expenses: $1.1 billion
Operating loss: $9.1 million
Operating margin: -0.9%
4. Presbyterian Healthcare Services (Albuquerque, N.M.)
Revenue: $1.9 billion
Expenses: $1.9 billion
Operating loss: $23.7 million
Operating margin: -1.3%
5. Montefiore Health System (New York City)
*Results for the six months ending June 30
Revenue: $4.7 billion
Expenses: $4.8 billion
Operating loss: $69.1 million
Operating margin: -1.5%
6. Allina Health (Minneapolis)
Revenue: $1.6 billion
Expenses: $1.6 billion
Operating loss: $38.9 million
Operating margin: -2.5%
7. University Hospitals (Cleveland)
*Results for the six months ending June 30
Revenue: $3.7 billion
Expenses: $3.8 billion
Operating loss: $105.7 million
Operating margin: -2.8%
8. Tufts Medicine (Burlington, Mass.)
Revenue: $806.2 million
Expenses: $839.3 million
Operating loss: $33.1 million
Operating margin: -4.1%
9. Dartmouth Health (Lebanon, N.H.)
Revenue: $1.1 billion
Expenses: $1.1 billion
Operating loss: $52.5 million
Operating margin: -4.8%
10. Maimonides Health (Brooklyn, N.Y.)
*Results for the six months ending June 30
Revenue: $1 billion
Expenses: $1.2 billion
Operating loss: $167.2 million
Operating margin: -16.6% Operating losses continue to weigh on many hospitals and health systems across the U.S. amid continued healthcare industry headwinds.
Following is a list of 10 health systems that reported operating losses in the second quarter of 2026. The losses range from $2.7 million and -0.04% operating margin at Mount Sinai Health System to $167.2 million and a -16.6% operating margin at Maimonides Health.
Editor’s note: This is not an exhaustive list. The following financial results are for the three months ending June 30, 2026, unless otherwise stated.
1. Mount Sinai Health System (New York City)
*Results for the six months ending June 30
Revenue: $6.4 billion
Expenses: $6.4 billion
Operating loss: $2.7 million
Operating margin: -0.04%
2. UPMC (Pittsburgh)
Revenue: $5.5 billion
Expenses: $8.5 billion
Operating loss: $18.3 million
Operating margin: -0.2%
3. Dana-Farber Cancer Institute (Boston)
Revenue: $1.1 billion
Expenses: $1.1 billion
Operating loss: $9.1 million
Operating margin: -0.9%
4. Presbyterian Healthcare Services (Albuquerque, N.M.)
Revenue: $1.9 billion
Expenses: $1.9 billion
Operating loss: $23.7 million
Operating margin: -1.3%
5. Montefiore Health System (New York City)
*Results for the six months ending June 30
Revenue: $4.7 billion
Expenses: $4.8 billion
Operating loss: $69.1 million
Operating margin: -1.5%
6. Allina Health (Minneapolis)
Revenue: $1.6 billion
Expenses: $1.6 billion
Operating loss: $38.9 million
Operating margin: -2.5%
7. University Hospitals (Cleveland)
*Results for the six months ending June 30
Revenue: $3.7 billion
Expenses: $3.8 billion
Operating loss: $105.7 million
Operating margin: -2.8%
8. Tufts Medicine (Burlington, Mass.)
Revenue: $806.2 million
Expenses: $839.3 million
Operating loss: $33.1 million
Operating margin: -4.1%
9. Dartmouth Health (Lebanon, N.H.)
Revenue: $1.1 billion
Expenses: $1.1 billion
Operating loss: $52.5 million
Operating margin: -4.8%
10. Maimonides Health (Brooklyn, N.Y.)
*Results for the six months ending June 30
Revenue: $1 billion
Expenses: $1.2 billion
Operating loss: $167.2 million
Operating margin: -16.6%
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