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More in Financial Management

When the pandemic began, many hospitals and health systems were forced to pay top dollar for traveling nurses to treat patients. Now, many are cutting back on contracted labor in favor of full-time employed staff. But labor costs are still…

Renton, Wash.-based Providence closed all 27 of its ExpressCare retail clinics in Southern California on Nov. 17, three days after it reported a $1.1 billion operating loss for the first nine months of 2022. 

Phoenix-based Banner Health reported a $26 million operating loss for the third quarter ending Sept. 30, bringing the health system's total loss to $113 million.

Salt Lake City-based Intermountain Healthcare reported higher year-over-year net income for the nine months ending Sept. 30 after completing the acquisition of Broomfield, Colo.-based SCL Health on March 31.

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