Daily News | Thomas Jefferson’s fiscal 2023 loss was $231 million, excluding money from selling businesses
Thomas Jefferson University’s operating loss deepened to $231 million in the 12 months that ended June 30, compared to a loss of $126 million the year before, the Philadelphia not-for-profit owner of Jefferson Health reported Monday.
Like other health systems, Jefferson is contending with significantly higher costs for labor, drugs, and other supplies, as fewer people have to spend time in hospitals. 18 hospitals, including specialty hospitals in joint ventures. Jefferson at the end of June closed one of the acquired acute-care hospitals, Einstein Medical Center Elkins Park to allow neighboring MossRehab to expand.and eliminated an unspecified number of vacant positions. “One of the reasons we are at an inflection point now is that we have never rationalized the size of our workforce through four significant mergers,” Jefferson CEO Joseph G.
The businesses Jefferson sold since July 1, 2022, were a laboratory business , 51% of its interest in Delaware Valley Accountable Care Organization , and a non-controlling interest in mammography business .
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