Keyword: Community Health Systems
How did the second quarter shape up for some of the top health systems in the country? Take a look.
Hospital giant Community Health Systems is facing a class-action lawsuit after a judge certified the case late last month.
Community Health Systems continues to lose money in the second quarter of 2019 as it sells off more hospitals.
Community Health Systems lost $118 million in the first quarter, which ended March 31, due in part to falling admissions.
Two former senior IT executives at Community Health Systems allege the health system submitted hundreds of millions of dollars in false claims to HHS.
Officials pointed to a 15% decrease in total admissions and a 15.3% decrease in total adjusted admissions, compared with the same period in 2017.
However, Quorum Health must pay CHS $1.5 million in withheld payments.
Community Health Systems lost $325 million in the third quarter, but some of its new initiatives, such as its ACOs, are a bright spot.
Community Health Systems has announced that a subsidiary has agreed to sell a two-hospital health system in South Carolina by the end of the year.
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