Company Overview Visit chs.net website
Community Health Systems (CHS) is one of the largest hospital operators in the United States. With over 200 hospitals, CHS has 20 million patients every year and provides healthcare for upwards of 3% of Americans.
The company's new CEO, Wayne Smith is keen to prioritize financial stability in 2016. However, he will have to face tough questions about his company's future with federal regulators - the Department of Justice has opened an investigation into allegations that three of their hospitals forced emergency room doctors to admit more patients than necessary at excessively high costs. The government has also launched an investigation into whether Community Health Systems was involved with Medicare fraud after a whistleblower alleged they were billing the Government-sponsored program for unnecessary procedures.