The for-profit health system aims to grow its hospital segment this year by honing in on several strategic initiatives, including improving operational effectiveness, increasing capital efficiency and margins, investing in its physician enterprise and expanding its higher-acuity service lines.
Tenet leaders outlined the key trends they believe will shape the demand for healthcare services:
1. Consumers, employers and payers increasingly seeking lower cost solutions and better value as they focus more on healthcare spending.
2. Patient volumes shifting from inpatient to outpatient settings due to technological advancements and demand for care that is more convenient, affordable and accessible.
3. The growing aging population requires greater chronic disease management and higher-acuity treatment.
4. Consolidation continues to occur across the entire healthcare spectrum.
5. Healthcare in general — particularly the acute-care hospital business — continues to be subject to significant regulatory uncertainty. Changes in federal or state healthcare laws, regulations, funding policies or reimbursement practices, especially those involving reductions to government payment rates, could have a significant effect on revenues and operations.
