Tenet profit beats on patient growth
Hospital operator Tenet Healthcare Corp posted quarterly earnings on Tuesday that were more than double the average analyst forecast, as it treated more patients, and its shares rose 6 percent. The third-largest U.S. hospital chain said the number of patients treated in specialties including trauma, neurosurgery, oncology and vascular surgery was especially strong. Patient volumes at U.S. hospitals in general have remained sluggish due to high unemployment that has left many without health insurance to pay for medical treatment. More people also have sought emergency care out of necessity. Jefferies analyst Art Henderson said he doesn't foresee a rebound in overall hospital visits anytime soon but noted Tenet's out-patient trends are surpassing its rivals.
- CFO Exchange: Smartphones Poised to Disrupt Healthcare, Says Topol
- Consumerism Drives Healthcare Branding, Rebranding Efforts
- 3 Traits Personality Assessments Can't Reveal
- Antibiotic Overuse a 'Huge Threat' to Patient Safety, Says CDC
- PA Ranks See 'Phenomenal Growth,' Lack of Diversity
- CHS Hacked, 4.5M Patient Records Compromised
- CNO on Hospital Redesign: 'You Can't Over-Communicate'
- CFO Exchange: Healthcare Leaders Share 5 Innovative Ideas
- How Digital Strategy Shapes Patient Engagement at Boston Children's Hospital
- Carondelet to Pay $35M to Settle Fraud Allegations