Tenet Healthcare Corporation reports developments across a diversified healthcare services business that combines ambulatory surgery, hospital operations and healthcare-services outsourcing. Its care delivery network includes United Surgical Partners International, which operates ambulatory surgery centers and surgical hospitals, along with acute care and specialty hospitals, outpatient facilities, employed physician networks and a global business center in Manila.
Recurring news themes for THC include quarterly earnings, financial outlooks, same-facility revenue trends, Ambulatory and Hospital segment performance, payer-mix and expense-management commentary, and capital or ownership actions involving Conifer Health Solutions. Company updates also cover Conifer's revenue cycle management and value-based care services for hospitals, health systems, physician practices, employers and other clients, as well as Tenet's presentations at healthcare investor conferences.
Summary not available.
Tenet Healthcare Corporation (NYSE: THC) will report its Q1 2021 results after market close on April 20, 2021. The company will conduct a conference call on April 21, 2021, at 10:00 a.m. Eastern time to discuss the results.
Investors can access the live webcast and audio archive through Tenet's investor relations page at www.tenethealth.com/investors.
Headquartered in Dallas, Tenet operates 65 hospitals and approximately 550 healthcare facilities, committed to delivering quality care in communities.
Conifer Health Solutions, a subsidiary of Tenet Healthcare Corporation (NYSE: THC), has announced a multi-year contract extension with NorthShore University HealthSystem. This extension continues their 20-year partnership to provide physician revenue cycle services through 2024. The contract enhances NorthShore’s operational efficiencies and cash collections via comprehensive accounts receivable services. Additionally, Conifer played a key role in integrating Swedish Hospital into the NorthShore system. The announcement underscores Conifer's commitment to delivering value through revenue cycle expertise and innovative solutions.
Tenet Healthcare Corporation (NYSE: THC) will present at the Barclays Global Healthcare Conference on March 10, 2021, at 9:10 a.m. Eastern time. A live webcast and an audio archive of the event will be available on Tenet’s investor relations website for 30 days after the presentation.
Headquartered in Dallas, Tenet Healthcare employs 110,000 people and operates 65 hospitals alongside approximately 550 healthcare facilities. The company is focused on delivering quality care and includes services such as revenue cycle management through Conifer Health Solutions.
Tenet Healthcare Corporation (NYSE: THC) will present at the Raymond James Institutional Investors Conference on March 2, 2021, at 9:10 a.m. Eastern time. A live webcast and audio archive of the event will be available on Tenet's investor relations page for 30 days. Tenet, headquartered in Dallas, employs 110,000 people and operates 65 hospitals alongside around 550 healthcare facilities, including surgical and urgent care centers. The company aims to provide quality care across communities it serves.
Conifer Health Solutions, a subsidiary of Tenet Healthcare Corporation (NYSE: THC), has expanded its partnership with LCMC Health to enhance physician accounts receivable management and COVID-19 vaccine scheduling services. Initially providing eligibility and enrollment services for one hospital, Conifer now supports five LCMC facilities. This collaboration aims to improve revenue cycle management, allowing LCMC to focus on patient care. Conifer's commitment is underscored by its extensive healthcare expertise, managing over $25 billion in net patient revenue annually.
On February 10, 2021, Glenview Capital Management, Tenet Healthcare's largest shareholder, publicly supported the spin-off of Tenet's Conifer subsidiary in a tax-free transaction set for mid-2022. Glenview's CEO, Larry Robbins, praised Tenet's focus on patient and worker safety during the Covid-19 pandemic and emphasized that the spin-off would enhance Conifer's growth and shareholder value. With $3.5 billion in assets under management, Glenview aims to aid Tenet in evolving towards a higher ambulatory mix and promoting strong cash generation.
Tenet Healthcare Corporation (NYSE: THC) reported strong financial results for 4Q20, achieving a net income of $414 million or $3.86 per diluted share, compared to a loss in 4Q19. Full-year adjusted EBITDA reached $3.146 billion, with a notable 7.5% increase in the hospital segment's adjusted EBITDA. The company also completed the acquisition of 45 ambulatory surgical centers for approximately $1.1 billion, enhancing its operational scope. Additionally, Tenet plans to retire $478 million in debt, reducing future interest payments by $33 million, further reflecting its strategic financial management.
Conifer Health Solutions, a subsidiary of Tenet Healthcare Corporation (NYSE: THC), has appointed Dina Dunn as the chief human resources officer. This move aims to strategically support the company's growth and transition into a publicly traded entity. With extensive experience in HR since joining Tenet in 2004, Dunn's leadership is expected to enhance the effectiveness and efficiency of Conifer's HR operations.
Conifer manages significant healthcare revenue cycles, handling over $25 billion in net patient revenue annually and supporting more than five million lives in value-based care services.
Tenet Healthcare Corporation (NYSE: THC) has appointed Cecil D. Haney to its Board of Directors, which now has 12 members. This strategic appointment aims to enhance the Board's leadership, particularly in cybersecurity and systems planning. Haney, a retired four-star Admiral with 38 years in the U.S. Navy, brings a wealth of experience, having previously commanded the U.S. Strategic Command and the U.S. Pacific Fleet. His extensive background includes various leadership roles in the submarine force and contributions to military diversity initiatives.