Community Health Systems Releases 2024 Community Impact Report

Rhea-AI Summary

Community Health Systems (NYSE: CYH) has released its 2024 Community Impact Report, showcasing the company's efforts in healthcare delivery, workforce support, environmental protection, and economic contributions. Key highlights from 2023 include:

• 12.5+ million patient encounters across 1,000+ care sites
• $1.3 billion in charity care and uncompensated care
• $5.4 billion for payroll and benefits
• $641 million in taxes
• $467 million in capital investments

The report also highlights innovative approaches such as AI-powered maternal-fetal early warning systems, virtual patient monitoring, and partnerships to address drug shortages. CHS emphasizes its commitment to ethical conduct, compliance, and effective governance while sharing human stories of patient care and employee growth.

FRANKLIN, Tenn.--(BUSINESS WIRE)-- Community Health Systems, Inc. (NYSE: CYH) (“CHS”) (the “Company”) released its 2024 Community Impact Report today, highlighting the Company’s substantial efforts to deliver quality healthcare, support and strengthen its workforce, protect the environment, and provide important economic benefits for the many communities it serves. Through all of these actions, CHS affirms its unwavering commitment to create a healthier, more sustainable future for all.

Commenting on the report, Tim Hingtgen, chief executive officer of Community Health Systems, Inc., said, “Healthcare providers have the daily opportunity, and a profound responsibility, to improve the human condition. At CHS, it’s why we exist. Our 2024 Community Impact Report demonstrates how we are fulfilling our purpose – to help people get well and live healthier – and serving as a positive force everywhere we operate.”

The 2024 Community Impact Report also illuminates the sheer scale of the Company’s impact. Notable highlights* include:

• More than 12.5 million patient encounters across 1,000+ sites of care
• $1.3 billion provided in charity care, uninsured discounts and other uncompensated care to help those most in need
• $5.4 billion funded for payroll and benefits to support employees and create significant downstream economic impact
• $641 million paid in property, sales and other taxes to support local, state, and federal government, schools, and community infrastructure
• $467 million spent on capital investments to expand access to healthcare, enhance services, modernize facilities, and upgrade medical technologies

^{*Data from the year ended December 31, 2023}

This year’s Community Impact Report features information about some of the innovative approaches CHS is deploying to achieve better patient outcomes, support clinicians, and harness data, automation, and artificial intelligence for decision support and greater efficiency. Examples include a maternal-fetal early warning system that uses AI to make childbirth safer, virtual sitting to monitor hospitalized patients at high risk of falls, remote patient monitoring for patients with chronic conditions to help keep them out of the hospital, and a partnership with Mark Cuban Cost Plus Drugs to help address drug shortages and the rising cost of medications used in the hospital setting.

The report covers many other topics, including nursing school and physician residency programs, emergency preparedness, cybersecurity, responsible supply chain management, and the Company’s commitment to ethical conduct, compliance programs, and effective governance.

Woven throughout the report are human stories about patients and caregivers. In one, a nurse in Valparaiso, Indiana, cared for a premature baby in the neonatal intensive care unit while the baby’s mother was treated for a blood clot in her brain. In another, a medical scribe in Longview, Texas, pursued his career dreams with the support of the CHS Pathways Program, becoming a registered nurse working in the Intensive Care Unit, and then, advancing to become a nurse practitioner. A story from Pennsylvania shares how a financial counselor provided support, reassurance, and peace of mind for a family that was worried about how to pay for healthcare services after a cancer diagnosis.

“These stories are not unusual. In fact, they happen in our health systems every day,” says Hingtgen. “The dedicated women and men who work across the CHS organization understand their critically important roles as they change lives, save lives, and improve the world around us.”

For more information about the CHS 2024 Community Impact Report, visit www.chs.net.

About Community Health Systems, Inc.
Community Health Systems, Inc. is one of the nation’s largest healthcare companies. The Company's affiliates are leading providers of healthcare services, developing and operating healthcare delivery systems in 40 distinct markets across 15 states. CHS subsidiaries own or lease 71 affiliated hospitals with approximately 12,000 beds and operate more than 1,000 sites of care, including physician practices, urgent care centers, freestanding emergency departments, occupational medicine clinics, imaging centers, cancer centers and ambulatory surgery centers. Shares in Community Health Systems, Inc. are traded on the New York Stock Exchange under the symbol “CYH.” The Company’s headquarters are located in Franklin, Tennessee, a suburb south of Nashville. More information about the Company can be found on its website at www.chs.net.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240723356589/en/

Media Contact:

Tomi Galin, Executive Vice President, Corporate Communications, Marketing and Public Affairs

(615) 628-6607

Investor Contacts:

Kevin Hammons, President and Chief Financial Officer

(615) 465-7000

Anton Hie, Vice President–Investor Relations

(615) 465-7012

Source: Community Health Systems, Inc.

FAQ

What are the key financial figures in CHS's 2024 Community Impact Report?

CHS reported $1.3 billion in charity care and uncompensated care, $5.4 billion for payroll and benefits, $641 million in taxes, and $467 million in capital investments for the year 2023.

How many patient encounters did CHS (CYH) report in its 2024 Community Impact Report?

CHS reported more than 12.5 million patient encounters across over 1,000 sites of care in 2023.

What innovative technologies does CHS mention in its 2024 report?

CHS highlights an AI-powered maternal-fetal early warning system, virtual sitting for high-risk patients, remote patient monitoring for chronic conditions, and a partnership with Mark Cuban Cost Plus Drugs to address drug shortages and costs.

How is CHS (CYH) addressing workforce development according to its 2024 report?

CHS mentions nursing school and physician residency programs, as well as the CHS Pathways Program, which supports employee career advancement, as part of its workforce development initiatives.

What environmental and ethical commitments does CHS highlight in its 2024 Community Impact Report?

CHS emphasizes its commitment to protecting the environment, ethical conduct, compliance programs, and effective governance. The report also covers topics such as emergency preparedness, cybersecurity, and responsible supply chain management.