Tenet Healthcare's losses are so bad that the Dallas-based hospital chain is trying to completely exit the insurance business.
Tenet Healthcare Corp. is cutting top executives and expenses at its Detroit Medical Center to make it conform to the management policies that are more similar to its other 79 hospitals, Crain's has learned.
Tenet Healthcare Corp. is trying to sell multiple hospitals and its home health and hospice business, CEO Trevor Fetter told an audience Monday at the J.P. Morgan Healthcare Conference.The Dallas-based system intends to focus its capital and management resources on ambulatory care and hub markets.
Tenet Healthcare Corp. has locked up new multiyear contracts with insurance giants UnitedHealthcare and Centene Corp., cementing pricing for the hospital system and uninterrupted service for the insurer's members.
Kaiser Permanente CEO Bernard Tyson watched the election results on TV at home and, like many Americans, was surprised by the results. Now he and other hospital and health system leaders are preparing to work with a Trump administration and congressional leaders committed to ending the ACA.
Hospitals and physicians are having a hard time grasping how the Affordable Care Act can be repealed by the Trump administration without a plan to replace or continue coverage for the nearly 20 million Americans who are now insured on the exchanges or through Medicaid expansions in 32 states.
A $1.5 billion putative class action accusing Tenet Healthcare Corp. of failing to protect patients and newborns at an El Paso, Texas, hospital from being exposed to tuberculosis has been moved to federal court.
Tenet shares fell by 4.6% after hours from $20.33 cents to $19.71 after it reported a net loss of $9 million for the third quarter.
Six months before Dignity Health and Catholic Health Initiatives announced they were in merger talks, the two hospital giants each dispatched small work teams to probe whether a deal was desirable.
A Tenet Healthcare Corp. shareholder has sued the health system for misleading investors about its Medicaid reimbursements and the health of the company after it unveiled a $514 million settlement over alleged kickbacks.
Two of Tenet Healthcare Corp.'s former subsidiaries admitted to defrauding Medicaid by using referral contracts for translation services to funnel pregnant patients through their doors. The case resulted in a $514 million settlement.
A new "nonsolicitation clause" is the sticking point in contract talks between the Detroit Medical Center and the Wayne State University Physician Group that broke down earlier this week.