Newly launched Project Empower more of a 'longer-term play,' CHS CFO says

Community Health Systems, one of the largest for-profit healthcare systems, will be implementing its new Project Empower initiative in a few weeks, but the effects of it will not be fully known for a few years.

So said the Franklin, Tenn.-based system's CFO, Kevin Hammons, on a call Aug. 3 to discuss CHS quarterly results.

CHS, which reported a net loss of $38 million for the quarter, is launching the cost-saving and revenue-producing initiative as it continues to fight back to profitability and pay off debt.

Areas targeted specifically will include greater implementation of electronic records management, relying more on Oracle/Cerner integration, for example, Mr. Hammons said. Supply chain management and "human capital" will also be top of mind.

Project Empower is a further development on the system's strategic goal-setting program which began in earnest in the fourth quarter of 2019, he added.

"Significant cost savings and other financial benefits," will eventually result, Mr. Hammons said.

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