Chicago-based CommonSpirit posted an operating loss of $658 million for the three months ended March 31 — down from $591 million for the same period in 2022 — as rising costs and labor challenges persist.
Improved investment returns helped mitigate the overall loss in the quarter, with the 143-hospital system recording a net loss of $231 million. For the three months ended March 31, operating expenses totaled $8.9 billion while revenues were $8.3 billion.
Operating revenue broken down by division for the quarter:
1. Southern California: $1.5 billion
2. Northern California: $1.3 billion
3. Pacific Northwest: $1.1 billion
4. Southwest: $1.1 billion
5. Southeast: $956 million
6. Midwest: $812 million
7. Colorado: $748 million
8. Texas: $652 million
9. Iowa: $3 million