CHS reports $50M negative swing on income in Q1 2023

Franklin, Tenn.-based Community Health Systems reported a net loss of $20 million in the first quarter of 2023 on operating revenues of $3.1 billion.

Those figures compare with net income of $30 million on revenues of $3.1 billion in the same period last year. 

CHS reported operating income of $210 million for the period compared with $270 million in 2022. Overall expenses were up 4 percent compared with the first quarter of 2022, totaling $2.9 billion.

CHS, which operates 79 hospitals in 15 states, affirmed recent Feb. 15 guidance for its 2023 numbers.

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