The revised $42.1 million loss, up $9.5 million from previous results, is because of corrections made to various transactions, including those related to wages and paid time off benefits. The 11-hospital system’s operating margin shrank from an original -4.2 percent to -5.4 percent.
Total expenses rose from an originally reported $812.3 million to $819.3 million, while revenues were revised slightly down to $777.2 million.
The system increased its long-term debt by $30.5 million.
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.
