Indianapolis-based hospital system Community Health Network saw its first-half operating income drop 44% to $42.5M amid rising expenses.
Community Health Network, an Indianapolis-based hospital system, experienced a 44% drop in first-half operating income to $42.5 million, despite increased admissions, emergency visits, deliveries, and physician outpatient visits. Rising expenses, including salaries, drugs, insurance premiums, and software services, outpaced revenue growth. The network's operating margin fell to 2.4% from 4.5% in the previous year.
July 25, 2024
3 Articles