Operating losses stemmed at PeaceHealth, but margins still negative

Vancouver, Wash.-based PeaceHealth reported a lower operating loss for the nine months ending March 31, but its operating margin remains in the red.

The 10-hospital system, whose operating loss in the period totaled $191.8 million, reported a -4.3 percent operating margin. That data compared with a net operating loss of $208.6 million and a -14.4 percent operating margin in the period ending March 31, 2022.

PeaceHealth, which said it will cut 251 jobs April 26, had 222 days of cash on hand as of March 31 compared with 287 at March 31, 2022.

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