Troubled Franklin-Based Hospital Chain Touts Strongest Quarter In Years
Community Health Systems, a major employer in Nashville, says it’s turning things around. And executives point to their performance in the latest quarter's results, released on Tuesday.
The for-profit hospital operator has been shedding facilities and battling talk of bankruptcy. And its earnings this quarter — as in most — involve reporting a financial loss of $167 million. That's a bigger loss than in the same period a year ago.
But with the 100-plus hospitals the company still owns, more patients are being admitted. CHS announced an uptick in admissions of 2.3%, as well as a nearly 5% increase in revenue for those hospitals.
CEO Wayne Smith says the company hasn’t done this well in a while.
"It’s the strongest [quarter] we’ve had since 2015," he says, "so I think we’re making really good progress. This is not just a blip here."
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