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Tenet CEO: Silver lining on the recession cloud

Wall Street Journal Health Blog, November 4, 2009

Although bad debt is up, fewer patients are paying their co-pays, and admissions of insured patients are down, there is a "silver lining on the recession cloud," according to Trevor Fetter, the CEO of Tenet: Fewer hospital workers are leaving their jobs. "Turnover has dropped dramatically," Fetter told the Wall Street Journal Health Blog. Pali Capital analyst Sheryl R. Skolnick said in a research report that Tenet employee turnover dropped 27%.