Dive Brief:

CommonSpirit Health executives met with investors on Wednesday to lay out a plan to turn around its operating performance, following a recent earnings report that revealed the system had, once again, recorded an operating loss for fiscal year 2025 .

Although the nonprofit health system improved its performance during fiscal year 2025, departing CFO Daniel Morissette said CommonSpirit is still “not where we need to be financially.”

The system hopes its new turnaround plan, called Project Impact, can help right the ship within one to two years, according to Morissette. At a high level, the project will evaluate opportunities for expense reduction and revenue generation at the national and facility level. Executives will unveil more details about the project later this fal

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