CommonSpirit headed into 2023: 10 things to know

CommonSpirit Health is a Chicago-based health system with the core objectives of improving health equity, building overall healthier communities, and providing groundbreaking care.

It is dedicated to its mission of service and advocacy for all, especially vulnerable and underserved populations.

Here are 10 other things to know about CommonSpirit Health:

1. CommonSpirit was founded in 2019 when Catholic Health Initiatives and Dignity Health joined forces.

2. CommonSpirit has140 hospitals and over 2,000 care sites in 21 states, making it one of the largest nonprofit health systems in the country

3. It is led by CEO Wright Lassiter III, who took over from Lloyd Dean in August. Mr. Lassiter previously served as CEO of Henry Ford Health System in Detroit.

4. In the 2022 fiscal year, CommonSpirit's revenues totaled $33.9 billion, and it gave $4.9 billion back to the community in charity care, community benefit, and government programs.

5. In the first quarter of the 2023 fiscal year, which ended Sept. 30, CommonSpirit's operating revenues were $8.53 billion.

6. In July, the health system joined the Partnership to Align Social Care, which aims to further social care delivery and advance health equity.

7. In September, CommonSpirit became an official supporter of National Physician Suicide Awareness Day. This is representative of their advocacy for physician and advanced practice provider mental health.

8. Standard & Poor's and Moody's affirmed their A-/Stable and Baa1/Positive ratings while Fitch upgraded CommonSpirit's debt rating to A- with a "stable" outlook in September.

9. CommonSpirit was applauded for its industry-leading dedication to climate change efforts at the 2022 United Nations Climate Change Conference in November. The system pledged to continue decarbonizing healthcare and to make health care facilities more resistant to the impact of climate change.

10. CommonSpirit launched the Lloyd H. Dean Institute for Humankindness and Health Justice in December, with the goal of using kindness and empathy to treat the social roots of reduced health and to progress health justice.

 

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