Operating Margins Among the Largest For-Profit Health Systems Have Exceeded 2019 Levels for the Majority of the COVID-19 Pandemic

This data note examines the financial performance of the three largest for-profit hospital systems in the U.S. during the COVID-19 pandemic. All three health systems have had positive operating margins that have exceeded pre-pandemic levels for the majority of the pandemic, including in the third quarter of 2022.