Operating revenue for the period totaled almost $800 million while expenses came in at $831.6 million. The overall loss in the period was $13.4 million as there was some improvement on investment returns.
The financial news comes at the same time as the five-hospital system said it has laid off about 2 percent of its workforce and trimmed executive pay.
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.