Community Health Systems Reports 2024 Financial Results

Community Health Systems ( (CYH) ) has released its Q4 earnings. Here is a breakdown of the information Community Health Systems presented to its investors.

Community Health Systems, Inc. is one of the largest healthcare companies in the United States, operating healthcare delivery systems in 38 markets across 15 states. The company announced its fourth quarter and full-year 2024 financial results, showing a net operating revenue of $3.265 billion for the fourth quarter, a 2.6% increase compared to the same period in 2023. However, the company reported a net loss attributable to its stockholders of $70 million, compared to a net income of $46 million in the previous year, primarily due to changes in impairment and gains or losses on business sales.

Key financial metrics for the fourth quarter included an Adjusted EBITDA of $428 million, up from $386 million in the same period the previous year, and net cash provided by operating activities of $216 million, a significant increase from $90 million in 2023. The year-end results showed net operating revenues of $12.634 billion and an Adjusted EBITDA of $1.540 billion, reflecting a 6.0% increase from 2023.

The company experienced growth in same-store admissions and adjusted admissions by 3.4% and 3.1%, respectively, during the quarter. This growth was driven by higher same-store volumes, increased reimbursement rates, and favorable payor mix changes. Despite these improvements, the company faced challenges such as increased patient claim denials and higher costs for outsourced medical specialists.

As Community Health Systems looks forward to 2025, management remains optimistic about future opportunities and growth in demand for services. The company is confident in its portfolio and is committed to delivering high-quality care, supported by its clinicians and support teams.