- The health system announced the cuts, which affected about 2,000 full-time equivalents in ancillary, support and overhead functions, in its most recent financial statement. CommonSpirit has more than 150,000 employees and more than 25,000 physicians and advanced practice clinicians total, as of Sept. 21.
- In a release accompanying the earnings, CFO Dan Morissette said CommonSpirit’s operational challenges were not unique. Major nonprofit health operators have reported feeling the sustained impacts of inflationary pressures in financial filings this summer.
- Most recently, Ascension Healthcare posted an operating loss of $3 billion for the 2023 fiscal year on high expenses
- Intermountain Health reported operating income had fallen 35% for the first half of this year as costs climbed.
https://www.healthcaredive.com/news/commonspirit-reports-layoffs-14b-operating-loss-fiscal-year-2023-earnings/694613/
https://www.beckershospitalreview.com/finance/commonspirit-cuts-2-000-jobs.html