Listen to article \u2022\u00a00:00 min<\/p>\n
Jefferson Health<\/a> had a $252.6 million operating loss in the first three quarters of fiscal 2026, which ends in June, the Philadelphia-based nonprofit health system told bond investors Friday.<\/p>\n \u201cThis was primarily driven by ongoing challenges within Jefferson Health Plans, severe winter weather impacts in January and February, planned restructuring and integration costs, and continued reimbursement shortfalls from insurers,\u201d Mike Harrington, Jefferson\u2019s chief financial officer, said in an email.<\/p>\n Jefferson\u2019s operating loss in the same period a year ago was $29.3 million.<\/p>\n In the three months ended March 31, Jefferson added $30 million in restructuring costs to the $64.7 million in charges already disclosed. Most of those expenses related to the elimination of 600 jobs last fall<\/a>. <\/p>\n Here are more details:<\/p>\n Revenue: Total revenue was just shy of $13 billion, up from $11.6 billion last year, which included only eight months of results from Lehigh Valley Health Network. Jefferson acquired that system in August 2024, extending its reach from South Jersey to near Scranton<\/a>. The health system has more than 30 hospitals with 4,800 beds.<\/p>\n The insurance business: Jefferson Health Plans reported a 15% increase in membership, to 417,968 on March 31 from 362,173 the year before. The latest figure included 316,061 people in Jefferson\u2019s Health Partners Medicaid plan, down from 318,775 in March 2025. <\/p>\n Jefferson\u2019s financial filing did not give details on the source of the growth, but the company had its best year ever in Medicare Advantage enrollment expansion<\/a> and strong growth in individual plans on Pennie, Pennsylvania\u2019s ACA insurance marketplace.<\/p>\n Notable: Excluding restructuring costs, Jefferson\u2019s operating results improved to a $22 million loss in the quarter that ended March 31 from a $52 million loss in the December quarter, and an $84 million loss in the quarter that ended Sept. 30.<\/p>\n