Healthcare DIVE February 8, 2024
The Dallas-based provider told investors on Thursday that ambulatory surgeries would drive a greater portion of its profits moving forward.
Dive Brief:
- Tenet Healthcare beat Wall Street expectations for revenue in the fourth quarter of 2023 on continued cost control measures and sustained demand for services, particularly in its ambulatory care unit, executives said during an earnings call on Thursday.
- CEO Saum Sutaria told investors that Tenet was entering a “new era” in which a higher proportion of its performance was generated by its ambulatory surgical business. Same-facility revenue for ambulatory services grew 9.2% during 2023, above Tenet’s long-term goal of 4% to 6% top line growth.
- The Dallas-based for-profit will continue a careful watch on its debt levels,...
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