Carolinas HealthCare System in Charlotte, N.C., reported a net loss of more than $551 million for 2008; comparatively, the system gained $280 million in 2007, according to a report in the Charlotte Business Journal.
The system’s operating income was reported at $72.8 million for the year, down from $158 million in 2007.
Despite the financial losses, the system saw adjusted discharges increase by 2.4 percent.
Carolinas HealthCare officials may defer more than $400 million in capital expenses planned for the next five years in order to cut costs, according to the report.
Read the Charlotte Business Journal‘s report on Carolinas HealthCare’s financial loss.
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