Net operating revenues reached $2.30 billion for the quarter ended June 30, 2010, compared to $2.23 billion in the same quarter of 2009.
Net income attributable to common shareholders for the second quarter of 2010 was $25 million, compared to a net loss of $15 million for the second quarter of 2009.
The company was able to increase its revenue despite an admissions decline on 2.2 percent through cost efficiencies, higher commercial acuity and improved payor mix, according to the report.
Read the release on Tenet’s 2Q earnings (pdf).
Read more coverage on Tenet Healthcare:
– Tenet Withdraws From Talks to Buy Australia’s Healthscope
– Tenet CEO Says Hospitals Will Unite Behind Healthcare Reform
At Becker's 4th Annual CEO + CFO Roundtable, taking place November 2–5 in Chicago, more than 1,500 hospital and health system executives tackle decisions that determine whether organizations thrive or merely survive: protecting margins under cost pressure, choosing where to grow, renegotiating payer relationships, stabilizing the workforce and proving real ROI on technology. This is where leaders work through them together, face-to-face. Apply for complimentary registration now.
