Tenet Tempers Adjusted Earnings for 2011

Dallas-based Tenet Healthcare softened estimates of its adjusted 2011 profit, saying a less favorable patient mix is leading to its increase in overall patient volumes, according to a MarketWatch report.

Advertisement

According to the report, the healthcare provider said a spike in Medicaid admissions has contributed to more than 75 percent of its admissions growth in the third quarter, and it also recorded below-average levels of Medicare acuity in July and August.

Tenet expects its earnings before interest, taxes, depreciation and amortization to be near the lower end of its $1.18 billion to $1.28 billion target.

Related Articles on Tenet:

CHS Asks Judge to Toss Tenet Suit Seeking Costs From Reviewing CHS Bids
Moody’s Upgrades Tenet’s Outlook From Stable to Positive
Florida’s Jupiter Medical Center CEO Says Tenet-Scripps Hospital Would Duplicate Services

Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit

Advertisement

Next Up in Financial Management

Advertisement

Comments are closed.