In the first quarter of this year, admissions were also down which is good news if you are talking to Medicare or an insurance company but may put hospitals on the short end of meeting revenue goals to stay out of the danger zones financially.
Tenet Commercial Hospital Admissions Down Over 5% – More Business Intelligence Analytics On The Way
Tenet up right there with business intelligence and and medical record technology with recent announcements to roll out Cerner to 47 facilities and their business intelligence software venture with MED3000, of which they have an invested interest. If you work at a Tenet facility expect a bit more software entry possibly in the near future. I would guess that the medical records and the MED3000 system might go together so they can integrate and share relative report data.
Tenet Healthcare Set to Roll Out Cerner Millennium Solutions at 47 Hospitals Currently Using Paper Records
Tenet Announces Joint Venture with MED3OOO – Focus on Electronic Medical Records and Business Intelligence
To admit or not to admit is the big question and births have definitely reached a slow period. BD
Tenet Healthcare saw its admissions dip in the second quarter due to a less severe flu season, but also due to a decline in obstetrics cases, including fewer deliveries.
In fact, noted CEO and president Trevor Fetter on a conference call with analysts today, that dip in OB-GYN demand accounted for a third of the drop in commercially insured admissions seen by the hospital last quarter. (The fall-off in deliveries alone accounted for almost 20% of the decline in commercial admissions.) Those trends continued in July, said CFO Biggs Porter, according to a Thomson Reuters transcript of the call.
Stork Passes Tenet By, Adding to Commercial Admissions Decline - Health Blog - WSJ
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