The U.S. tax system requires taxpayers to report their income and expenses on an annual accounting basis (e.g., a calendar year). Because taxpayers may have profits in some years but losses in others, ...

Discover how loss carrybacks allow businesses to apply net operating losses to previous tax years, offering immediate tax refunds and favorable financial outcomes.

CommonSpirit Health marked the first quarter of its 2024 fiscal year with a $441 million operating loss (-5.1% operating margin) and a $738 million net loss due to inflation-boosted expenses and ...

Catholic healthcare giant CommonSpirit Health has reported a $1.4 billion operating loss (-4.1% operating margin) and a net loss of $259 million for its 2023 fiscal year, which ended June 30, ...

Several large health systems reported operating losses in 2024, underscoring ongoing financial strain despite rising patient volumes and revenue growth. While inpatient revenue is climbing, expense ...

The purchase of a new Epic EHR has contributed to Cleveland-based University Hospitals’ operating losses in 2022 and 2023, Cleveland.com reported May 3. The acquisition of the new EHR, along with ...