TeamHealth recorded $14.2 million in profit, a 16.2 percent drop from $16.8 million in the same quarter a year ago. Adjusted EBITDA increased 14.6 percent to $55.1 million.
TeamHealth’s second quarter profit took a hit due to increased expenses. Higher professional liability expenses, liability costs and other administrative expenses all ate at the profit margins. However, increased business from fee-for-service contracts and other revenue offset some of the decreased net earnings.
More Articles on TeamHealth:
First Grad Completes TeamHealth Anesthesia Management Fellowship
TeamHealth Partners with Emergency Billing Group, Memorial Hospital in Virginia
TeamHealth Enters Joint Marketing Agreement With InQuicker
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.
