Jefferies downgraded Tenet's stock from buy to hold, saying any sale of its revenue-cycle management subsidiary isn't likely to net more than $2.5 billion.
Insurers and public officials have accused hospitals of entering lab test arrangements in which they agree to bill for high volumes of tests or expensive tests that sometimes were performed elsewhere.
Tenet Healthcare Corp. named two new independent directors Tuesday: a retired U.S. Army general and a managing partner at a healthcare investment fund.
Tenet Healthcare Corp. hired Paola Arbour as its new chief information officer and Marie Quintana as its chief marketing officer.
First-quarter results from the country's largest investor-owned chains—Tenet Healthcare Corp., HCA Healthcare, Community Health Systems, Universal Health Services and LifePoint Health—show they're finding success in squeezing more money out of each patient encounter.
A lab company in the process of buying a Community Health Systems hospital in Jamestown, Tenn., is in a precarious financial situation.
Lab billing company arrangements with hospitals, in which the lab tries to boost its reimbursement by using a hospital's insurance contracts, can take on several forms.
LifePoint Health reported lower admissions during the first quarter of 2018 as the provider continues to struggle with rising supply costs.
Community Health Systems managed to narrow its operating loss in the first quarter of 2018. The hospital chain's revenue shrunk by nearly 18%, but increased slightly on a same-hospital basis.
HCA Healthcare saw a significant boost in flu-related emergency department and urgent-care visits and admissions during the first quarter, and its net income jumped 74% year-over-year.
Tenet Healthcare Corp.'s net income jumped in the first quarter of 2018, despite slightly lower total revenue.
The hospital chain generated $224 million in net income in the first quarter, up 8.7% from the same period in 2017. Acute-care and behavioral health revenue was below analysts' expectations, however.