Edition:
United States

Profile: Tenet Healthcare Corp (THC.N)

THC.N on New York Stock Exchange

16.36USD
4:02pm EDT
Change (% chg)

$-0.08 (-0.49%)
Prev Close
$16.44
Open
$16.33
Day's High
$16.42
Day's Low
$15.68
Volume
871,669
Avg. Vol
770,582
52-wk High
$34.05
52-wk Low
$14.06

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. As of December 31, 2016, the Company operated 79 hospitals, 20 short-stay surgical hospitals, over 470 outpatient centers, and nine facilities in the United Kingdom through its subsidiaries, partnerships and joint ventures, including USPI Holding Company, Inc. (USPI joint venture). In addition, the Company's subsidiary, Conifer Holdings, Inc. (Conifer), provides healthcare business process services in the areas of hospital and physician revenue cycle management and value-based care solutions to healthcare systems, as well as individual hospitals, physician practices, self-insured organizations, health plans and other entities. As of December 31, 2016, its subsidiaries owned or leased and operated a long-term acute care hospital; a range of medical office buildings, all of which were located on, or nearby, its hospital campuses; approximately 650 physician practices; accountable care networks, and other ancillary healthcare businesses.

Hospital Operations and Other

As of December 31, 2016, its subsidiaries operated 79 hospitals, including three academic medical centers, two children's hospitals, two specialty hospitals and one critical access hospital, serving primarily urban and suburban communities in 12 states. As of December 31, 2016, the Company's subsidiaries had ownership of 62 of those hospitals, 14 were owned or leased by entities that are, in turn, jointly owned by a Tenet subsidiary and a healthcare system partner or group of physicians, and three were owned by third parties and leased by its subsidiaries. The Hospital Operations and other segment also included 177 outpatient centers as of December 31, 2016. As of December 31, 2016, the owned, controlled or operated 18 accountable care networks, in Alabama, Arizona, California, Florida, Illinois, Michigan, Missouri, Pennsylvania and Texas, and participated in four additional accountable care networks with other healthcare providers for select markets in Arizona, California, Massachusetts 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. 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. Its children's hospitals provide tertiary and quaternary pediatric services, including bone marrow and kidney transplants, as well as burn services. Its hospitals offer treatment options for patients, including limb-salvaging vascular procedures, acute level 1 trauma services, intravascular stroke care, minimally invasive cardiac valve replacement, imaging technology, and telemedicine access for selected medical specialties.

Ambulatory Care

The Company's Ambulatory Care segment includes the operations of its USPI joint venture and its Aspen facilities. 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. As of December 31, 2016, the Company's USPI joint venture had interests in 239 ambulatory surgery centers, 34 urgent care centers operated under the CareSpot brand, 21 imaging centers and 20 short-stay surgical hospitals in 27 states. As of December 31, 2016, Aspen Healthcare's four acute care hospitals, one cancer center and four outpatient facilities offered patients in the United Kingdom a range of private healthcare and clinical services, including inpatient care, outpatient and minimally invasive treatment and surgery, and diagnostic imaging.

Conifer

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. As of December 31, 2016, Conifer provided one or more of the business process services described above from 20 service centers to more than 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; coding and compliance support, billing assistance, auditing, training and data management services at every step in the revenue cycle process; 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. 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 also supports value-based performance through clinical integration, financial risk management and population health management, all of which assist hospitals, physicians, health plans, self-insured employers and government agencies in managing the cost and quality of healthcare delivery, as well as patient outcomes.

Company Address

Tenet Healthcare Corp

1445 Ross Ave Ste 1400
DALLAS   TX   75202-2703
P: +1469.8932200

Company Web Links