CommonSpirit Health's quarterly net patient revenue dipped for the first time in months.
The health system saw net patient revenue of $8.9 billion in the second quarter of fiscal 2025, a 5% drop from the year-ago period, according to its earnings report released Friday. Net patient revenue, or revenue from providing healthcare services after contractual discounts, makes up most of providers' total operating revenue and can have a big impact on the bottom line.
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The results were markedly different from last year, when CommonSpirit was one of several systems that saw big increases in net patient revenue due to higher utilization and improved payer rates.
The system did not respond to a request for details on the shift.
Chicago-based CommonSpirit said in the report its revenue has been affected by payer denials and reimbursement rates that do not keep up with inflation. Still, when combined with first-quarter results, CommonSpirit's net patient revenue rose 2% in the first six months of the fiscal year.
Volumes also held strong. Acute admissions increased 1.9% in the second quarter, while outpatient visits grew 4.2%, according to the report.
The system continues to employ its "5 for 25" strategic priorities, which include implementing a standardized electronic health record system, focusing on organic growth, diversifying its portfolio and launching a new digital consumer experience.
The health system reported net income of $87 million in the second quarter, compared with $1.1 billion a year ago. The drop was largely due to a drop in investment income.
