CommonSpirit’s finances held steady at end of 2020

Mass General Brigham's operating performance perked up in final months of 2020

A combination of sicker patients and stable commercial reimbursement anchored CommonSpirit Health’s finances at the end of 2020. Executives on the not-for-profit health system’s investor call Monday for the quarter ended Dec. 31, 2020—the second quarter of its fiscal 2021—noted

Read More CommonSpirit’s finances held steady at end of 2020

CommonSpirit’s CHI St. Luke’s settles Blue Cross Blue Shield contract dispute

CommonSpirit's CHI St. Luke's settles Blue Cross Blue Shield contract dispute

CommonSpirit’s CHI St. Luke’s on Friday reached a new contract agreement with Blue Cross and Blue Shield of Texas, ending a dispute that could have prevented 65,000 patients on those plans from accessing its hospitals.Houston-based CHI St. Luke’s had pushed

Read More CommonSpirit’s CHI St. Luke’s settles Blue Cross Blue Shield contract dispute

CommonSpirit’s CHI Franciscan finalizes tie-up with Virginia Mason

Community Health swings to Q3 profit, even as COVID-19 cases swelled

Dive Brief: CHI Franciscan and Virginia Mason Health System, two Washington state health systems, will now operate as one, under the name, Virginia Mason Franciscan Health. CommonSpirit Health, one of the nation’s largest nonprofit health systems, is the parent company of CHI Franciscan.

Read More CommonSpirit’s CHI Franciscan finalizes tie-up with Virginia Mason

CommonSpirit’s CHI St. Luke’s ends relationship with Molina

New Mexico health insurance co-op prepares to close

CHI St. Luke’s Health will officially be out of network for Molina Healthcare members beginning on Thanksgiving Day, the health system announced Wednesday. The Houston-based CommonSpirit Health subsidiary had threatened to end its relationship with both Molina and Blue Cross

Read More CommonSpirit’s CHI St. Luke’s ends relationship with Molina

CommonSpirit’s $550M fiscal 2020 operating loss stems from pandemic

CommonSpirit's $550M fiscal 2020 operating loss stems from pandemic

CommonSpirit Health’s finance chief chalked up the not-for-profit health system’s $550 million operating loss in its fiscal 2020 largely to the COVID-19 pandemic. The Chicago-based system drew $29.6 billion in operating revenue in the fiscal year ended June 30, a

Read More CommonSpirit’s $550M fiscal 2020 operating loss stems from pandemic