CommonSpirit Health released its financial results for the third quarter of fiscal year 2026 ended March 31, according to a May 15 statement. The report shows steady patient volumes and shorter hospital stays, but also highlights ongoing challenges such as increased supply costs and payment delays from payers.
The quarterly operating revenues were $10.0 billion with operating expenses before special charges at $10.6 billion, both normalized for the California provider fee program. This resulted in an operating loss before special charges of $578 million (a -5.8% margin) and EBITDA before special charges of $71 million (a 0.7% margin). For comparison, the same period last year saw an operating loss before special charges of $85 million (-0.9% margin) and EBITDA before special charges of $434 million (4.3% margin).
Adjusted admissions increased by 3.2% for the quarter and by 4.3% over nine months compared to the previous year, while acute average length of stay decreased to 4.70 days this quarter from last year’s 4.83 days in the same period.
In May, CommonSpirit received a one-time Federal Emergency Management Agency grant revenue totaling $383 million for COVID-19 pandemic expenditures; this will be recorded in the fourth quarter.
“Our third-quarter performance reflects a dynamic healthcare landscape, where we’re seeing positive demand for our services alongside persistent financial headwinds,” said Chief Financial Officer Michael P. Browning. “Our focus remains firmly on long-term sustainability. Through innovations in care delivery and targeted operational improvements, we are building resilience and ensuring we can continue to achieve our strategic goals.”
The health system reported exceeding national averages in Leapfrog’s spring Hospital Safety Grades with A or B grades at most eligible hospitals, as well as surpassing national averages in Centers for Medicare & Medicaid Services Hospital Star Ratings for six consecutive years.
CommonSpirit was recognized by Fortune Magazine as one of America’s Innovative Companies in 2026 due to advancements such as virtually integrated care models and robotic process automation initiatives that have improved patient safety and staff workflows.
Ongoing digital transformation efforts include enhanced online scheduling tools and unified platforms across all market-based sites during fiscal year 2026.
Project ImpACT continues across multiple departments aiming at performance improvement, operational optimization, innovation investment, expenditure review, clinical operations enhancement, and team collaboration throughout the remainder of fiscal year.
Chi Memorial Hospital Georgia is part of CommonSpirit Health’s network; it includes three hospitals among its featured facilities along with numerous care sites and outpatient imaging centers according to the official website. The hospital has received recognition from leading organizations for quality care and patient safety standards according to its official website. Janelle Reilly serves as president at Chi Memorial Hospital Georgia according to information available on their official website.
