Profile: Tenet Healthcare Corp (THC.N)
19 Jul 2019
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, 2017, the Company operated 76 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.
Hospital Operations and Other
As of December 31, 2017, its subsidiaries operated 76 hospitals, including two children's hospitals, two specialty hospitals and one critical access hospital, serving primarily urban and suburban communities in 11 states. As of December 31, 2017, the Company's subsidiaries had ownership of 61 of those hospitals, 13 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 167 outpatient centers as of December 31, 2017.
The Company's Ambulatory Care segment is engaged in the operations of its USPI joint venture 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, 2017, the Company's USPI joint venture had interests in 247 ambulatory surgery centers, 34 urgent care centers operated under the CareSpot brand, 23 imaging centers and 20 short-stay surgical hospitals in 28 states.
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, 2017, 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.
Tenet Healthcare Corp
1445 Ross Ave Ste 1400
DALLAS TX 75202-2703