All three systems recently reported their latest financial results, and all three were deep into the red regarding operating losses. Ascension (140 hospitals), Trinity Health (88 hospitals) and CommonSpirit (142 hospitals) all reported full-year results for the fiscal year ending June 30.
Here is a side-by-side comparison of some of their latest financial numbers by different categories:
Revenue
CommonSpirit: $34.5 billion ($33.9 billion 2022)
Ascension: $28.35 billion ($27.98 billion 2022)
Trinity: $21.6 billion ($19.9 billion 2022)
Operating loss
CommonSpirit: $1.39 billion ($1.29 billion 2022)
Ascension: $3 billion ($879.2 million 2022)
Trinity: $431.6 million ($206.3 million 2022)
Labor expenses (including benefits)
CommonSpirit: $18.3 billion ($18.2 billion 2022)
Ascension: $14.3 billion ($14.4 billion 2022)
Trinity: $11.99 billion ($11.1 billion 2022)
Net income
CommonSpirit: $259 million loss ($1.85 billion loss 2022)
Ascension: $2.5 billion loss ($1.9 billion loss 2022)
Trinity: $959.7 million ($1.4 billion loss 2022)
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