“We also expanded their activities to allied health, building 1,500 physicians in clinical support, technician and other roles,” CEO Tim Hingtgen said. “The impact was real, with the $260 million reduction in contract labor in 2023 compared to the prior year.”
The 71-hospital system will continue to focus on graduating and recruiting nurses through its education partnership, which is expected to graduate 1,000 new nurses a year.
In 2023, CHS reported $957 million in operating income (7.7% margin), improving on the $821 million gain (6.7% margin) recorded in 2022.
