CommonSpirit Health Accelerates Turnaround Plan Amid Industry Challenges
CommonSpirit Health, one of the largest healthcare providers in the U.S., is expediting its turnaround plan, known as Project Impact, to address industry challenges and improve financial performance. The plan, initiated in October, targets cost reductions and revenue enhancements across eight key areas, including digital/IT, supply chain, and clinical operations. Despite recent improvements in operating margins, the organization aims to accelerate these efforts due to anticipated industry headwinds, such as changes in provider fee programs and an increase in uninsured patients. The plan involves standardizing contract language, enhancing revenue cycle management, and expanding specialty pharmacy programs. 
