Atrium Health reports $105M operating loss in 2022

Charlotte, N.C.-based Atrium Health reported a $105.2 million 2022 operating loss — compared with a $311 million gain in 2021.

The system, with 27 acute care facilities, reported 2022 operating expenses of $7.8 billion, 8.3 percent higher than 2021. Of that total, personnel costs accounted for $4.6 billion, 7.3 percent higher than  2021.

Overall, the system reported a $1.1 billion loss in 2022, largely mirroring a 2021 net income of $1.1 billion.

Atrium Health combined with Downers Grove, Ill.- and Milwaukee-based Advocate Aurora Health effective in December as an integrated system, but both organizations retain separate legal identities.

Copyright © 2024 Becker's Healthcare. All Rights Reserved. Privacy Policy. Cookie Policy. Linking and Reprinting Policy.

 

Featured Whitepapers

Featured Webinars