Profile: Tenet Healthcare Corp (THC.N)
22 Jul 2016
Tenet Healthcare Corporation (Tenet), incorporated on November 7, 1975, is a healthcare services company. The Company operates regionally focused, integrated healthcare delivery networks in large urban and suburban markets in the United States. The Company operates through three segments: Hospital Operations and Other, Ambulatory Care and Conifer. With its networks, including acute care and specialty hospitals, which are engaged in providing outpatient facilities and related businesses, the Company provides a range of healthcare services in the communities it serve. The Company operates approximately 90 hospitals, 20 short-stay surgical hospitals, 475 outpatient centers and nine facilities in the United Kingdom and six health plans through its subsidiaries, partnerships and joint ventures. In addition, the Company's Conifer Holdings, Inc. (Conifer) subsidiary provide healthcare business process services in the areas of revenue cycle management and technology-enabled performance improvement and health management solutions to health systems, as well as individual hospitals, physician practices, self-insured organizations and health plans. The Company manages the operations of Hi-Desert Medical Center, which is its hospital that has approximately 60 beds, as well as a 120-bed skilled nursing facility, an ambulatory surgery center and an imaging center on the hospital's campus in Joshua Tree, California.
Hospital Operations and Other
The Company's subsidiaries operate approximately 90 hospitals, including three academic medical centers, two children's hospitals, two specialty hospitals and two critical access hospitals, with a total of over 22,525 licensed beds, serving primarily urban and suburban communities in over 14 states. The Company's subsidiaries own approximately 70 of those hospitals, 12 are owned by entities that are, in turn, jointly owned by its subsidiary and a strategic partner or group of physicians, and seven are owned by third parties and leased by its subsidiaries. The Company's Hospital Operations and other segment also includes over 70 diagnostic imaging centers, 14 satellite emergency departments, 13 ambulatory surgery centers and seven urgent care centers, which operate as departments of its hospitals, as well as 71 separately licensed, freestanding outpatient centers, five emergency departments, three ambulatory surgery centers and 55 urgent care centers, the majority of which are operated under its MedPost brand. Its health plans include approximately 139,000 members. The Company also owns, controls or operates over 14 accountable care networks in Alabama, California, Florida, Georgia, Illinois, Michigan, Missouri, Pennsylvania and Texas.
The Company's general hospitals offer acute care services, operating and recovery rooms, radiology services, respiratory therapy services, clinical laboratories and pharmacies. In addition, it also offers intensive care, critical care and/or coronary care units, physical therapy, and orthopedic, oncology and outpatient services. Most of its hospitals provide tertiary care services, such as open-heart surgery, neonatal intensive care and neurosciences, and some offer quaternary care in areas, such as heart, liver, kidney and bone marrow transplants. The Company's children's hospitals provide tertiary and quaternary pediatric services, including bone marrow and kidney transplants, as well as burn services. Its hospitals offer advanced treatment options for patients, including gamma-knife brain surgery and cyberknife radiation therapy for tumors and lesions in the brain, lung, neck and spine. Most of its hospitals and physician practices also offer a range of clinical research studies, giving patients access to care. Clinical research programs relate to an array of ailments, including cardiovascular disease, pulmonary disease, musculoskeletal disorders, neurological disorders, genitourinary disease and various cancers, as well as experimental drug and medical device studies.
The Company's hospitals include Abrazo Arizona Heart Hospital, Abrazo Arrowhead Campus, Abrazo Central Campus and Abrazo Maryvale Campus in Arizona; Doctors Hospital of Manteca, Emanuel Medical Center and Lakewood Regional Medical Center in California; Coral Gables Hospital, Delray Medical Center, Good Samaritan Medical Center and North Shore Medical Center in Florida, and Cypress Fairbanks Medical Center, The Hospitals of Providence East Campus, The Hospitals of Providence Memorial Campus, The Hospitals of Providence Sierra Campus and Northeast Baptist Hospital in Texas.
The Company's Ambulatory Care segment includes the operations of its USPI Holding Company, Inc. (USPI joint venture) and its Aspen facilities. USPI joint venture acquires and develops its facilities primarily through the formation of strategic relationships with physicians and health system partners. The facilities in its USPI joint venture primarily specialize in non-emergency surgical cases and are licensed as ambulatory surgery centers, specialty hospitals or hospitals. The Company's USPI joint venture operates over 250 ambulatory surgery centers, 20 short-stay surgical hospitals, 20 imaging centers and 35 urgent care centers in over 28 states. Its Aspen Healthcare operates over nine facilities, which offers patients a range of private healthcare and clinical services.
The Chelmsford, Aspen Healthcare's private day surgery hospital located northeast of London in Essex, specializes in outpatient and minimally invasive treatment and surgery. Claremont Private Hospital offers a range of inpatient and outpatient services. The Edinburgh Clinic, a private surgical hospital in Scotland, offers outpatient procedures and on-site diagnostic imaging. Highgate Private Hospital, located in North London, provides a range of inpatient and outpatient services. The Holly Private Hospital is an acute care inpatient hospital that also offers numerous outpatient services. Midland Eye, a private ambulatory surgery center located in West Midlands, provides eye care and surgery in a facility. Nova Healthcare, a private clinic, offers treatment to private patients diagnosed with cancer, blood disorders and a range of neurological diseases. Parkside Hospital, located in Wimbledon, a suburb southwest of London, has an outpatient surgery unit.
The Company's Conifer subsidiary provides a number of services primarily to healthcare providers to assist them in generating sustainable improvements in their operating margins, while also managing patient, physician and employee satisfaction. Conifer provides one or more of the business process services from approximately 20 service centers to approximately 800 Tenet and non-Tenet hospital and other clients in over 40 states. It provides services, including centralized insurance and benefit verification, financial clearance, pre-certification, registration and check-in services; financial counseling services, including reviews of eligibility for government healthcare programs, for both insured and uninsured patients; productivity and quality improvement programs, revenue cycle assessments and optimization recommendations, and The Joint Commission and other preparedness services; coding and compliance support, billing assistance, auditing, training, and data management services in the revenue cycle process; accounts receivable management, third-party billing and collections, and ongoing measurement and monitoring of key revenue cycle metrics.
Conifer provides multilingual support for physician referrals, calls regarding maternity services and other patient inquiries; community education and outreach; scheduling and appointment reminders, and employee recruitment. Conifer also coordinates and implements mail-based marketing programs to keep patients informed of screenings, seminars and other events and services, as well as conducts patient quality and satisfaction surveys to provide feedback to its clients. In addition, Conifer provides clinical admission reviews that are intended to provide evidence-based support for physician decisions on patient status and manage staffing costs. The Company provides operational management for revenue cycle functions, including patient access, health information management, revenue integrity and patient financial services. It also offers communication and engagement solutions to optimize the relationship between providers and patients. In addition, Conifer operates a management services business that supports performance through clinical integration, financial risk management and population health management.
Tenet Healthcare Corp
1445 Ross Ave Ste 1400
DALLAS TX 75202-2703