Hospital giants Community Health Systems and Tenet Healthcare Corp. will report their earnings this week, rounding out the initial picture of how Obamacare's insurance expansion is affecting hospitals' bottom lines.
On May 6, Community Health, now the largest chain by hospital count since it closed its Health Management Associates deal in January, will present its first quarterly earnings report since the deal's completion. The Franklin, Tenn.-based chain said it expects a 15% cut in uncompensated patient visits this year, with a revenue boost of $95 million to $160 million.
Dallas-based Tenet, which closed its acquisition of Vanguard Health Systems in October and will report results May 5, forecast a 15% reduction in uncompensated-care volume. Tenet expects its earnings before interest, taxes, depreciation and amortization to increase $50 million to $100 million for the year.