Tenet gets $84M Medicare settlement

Houston Chronicle, April 13, 2012

Hospital operator Tenet Healthcare Corp. said Thursday that it will receive $84 million as part of an industry-wide Medicare settlement with the federal government. Dallas-based Tenet said the settlement, which it expects to receive by the end of June, will boost its earnings from continuing operations by $77 million. The settlement corrects Medicare-related underpayments over a number of prior years, the company said. Tenet said it expected some kind of favorable settlement when it raised its 2012 adjusted earnings before interest, taxes, depreciation and amortization guidance in February, but at that time only projected a boost of between $25 million and $50 million.


MOST POPULAR

SPONSORED REPORTS
SPONSORED HEADLINES

SIGN UP

FREE e-Newsletters Join the Council Subscribe to HL magazine

SPONSORSHIP & ADVERTISING

100 Winners Circle Suite 300
Brentwood, TN 37027

800-727-5257

About | Advertise | Terms of Use | Privacy Policy | Reprints/Permissions | Contact
© HealthLeaders Media 2014 a division of BLR All rights reserved.