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 imagedebt 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

Related Reading:

Desperate Hospitals Update – April 2009

Robots at Work in Orange County Hospitals - California

Tenet Healthcare Posts 33 Million 4th Quarter Loss – Charge on Sale of USC Hospitals

How Hospitals Go To War – Tenet and HCA – It’s a Hedge War with Insurers
Tenet subsidiary announces closing of Irvine Regional Hospital – Orange County, CA
Tenet not renewing lease for Community Hospital – Los Gatos
Providence Health to buy Tarzana Regional Medical Center from Tenet – Prime Healthcare buys the Encino branch
Tenet Healthcare to sell USC University Hospital
Tenet Takes A Hit – Even After selling several hospitals this year

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