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Thu Aug 8, 2019, 01:47 PM

Troubled Franklin-Based Hospital Chain Touts Strongest Quarter In Years

Community Health Systems, a major employer in Nashville, says its turning things around. And executives point to their performance in the latest quarter's results, released on Tuesday.

The for-profit hospital operator has been shedding facilities and battling talk of bankruptcy. And its earnings this quarter as in most involve reporting a financial loss of $167 million. That's a bigger loss than in the same period a year ago.

But with the 100-plus hospitals the company still owns, more patients are being admitted. CHS announced an uptick in admissions of 2.3%, as well as a nearly 5% increase in revenue for those hospitals.

CEO Wayne Smith says the company hasnt done this well in a while.

"Its the strongest [quarter] weve had since 2015," he says, "so I think were making really good progress. This is not just a blip here."

Read more: https://www.nashvillepublicradio.org/post/troubled-franklin-based-hospital-chain-touts-strongest-quarter-years

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