Admissions of patients with insurance were down 2%, but a profit of around $178 million was seen, compared to a loss for the previous quarter. Bad 
debt was up 4% and employee turnover was down. Earlier this year shares had dropped below the $1.00 mark, but appear to be on their way back up.
At one facility in Fountain Valley, California, the hospital is using robots to help provide care and keep costs down. BD
INDIANAPOLIS -- A debt swap and expense reductions helped push Tenet Healthcare Corp. to a first-quarter profit, but the hospital operator said Tuesday the slumping economy nibbled at patient admissions.
Dallas-based Tenet lowered contract labor and malpractice costs, among other expenses, during the quarter. But total admissions and the number of patients covered by private insurance both fell slightly.
Private insurance is generally more lucrative than government forms of coverage like Medicaid or Medicare.
Tenet moves to profitability but admissions fall
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