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Jefferson Health financial results fiscal year 2023 operating losses in Philadelphia

The operating losses at Jefferson Health are just one example of how COVID-19 relief funds running low are showing up on the balance sheets of nonprofit hospitals across the region.

Jefferson Health posts losses for second year in a row as COVID-19 relief runs low

As federal COVID-19 pandemic aid funding rolls off the balance sheets of hospitals nationwide some experts argue that the old financial models won’t work anymore — even as patients return

Jefferson Health had $231 million operating loss in fiscal 2023

Philadelphia Jefferson Health laying off 400 employees

The second largest employer in the Philadelphia region expects to trim $300 million in expenses this year.

Thomas Jefferson University lost $117 million in nine months

Losses continued at the not-for-profit system as new leadership works to integrate a collection of 18 hospitals acquired from 2015 through 2021 under former chief executive Stephen K. Klasko.