Company: THC
Filing Date: 2025-02-18
Form Type: 10-K
Source: 0000070318-25-000009
Chunk: 9

Company: TENET HEALTHCARE CORP
Filing Date: 2025-02-18
Form: 10-K
Item: Item 7
Chunk 9
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2023 was primarily due to the sales of the Divested Hospitals. Excluding the effect of these sales, net operating revenues during the three months ended December 31, 2024 increased by $232 million, or 6.5%, compared to the three months ended December 31, 2023. This increase was attributable to the positive impact of a more favorable payer mix, higher patient admissions and acuity, growth in our Medicaid supplemental revenue, and negotiated commercial rate increases.

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Table of Contents

Net operating revenues in our Ambulatory Care segment increased by $182 million, or 16.9%, in the three months ended December 31, 2024 compared to the same period in 2023. This change was primarily driven by our newly acquired ASCs, net of the impact of the closure and deconsolidation of certain facilities, as well as an increase in case volume and higher net revenue per case in the 2024 period.

The following table provides information about selected operating expenses by segment on a continuing operations basis:

 Three Months Ended December 31,Increase(Decrease)20242023Hospital Operations:   Salaries, wages and benefits$1,788 $2,060 (13.2)%Supplies600 648 (7.4)%Other operating expenses911 1,052 (13.4)%Total$3,299 $3,760 (12.3)%Ambulatory Care:   Salaries, wages and benefits$306 $255 20.0 %Supplies330 283 16.6 %Other operating expenses168 144 16.7 %Total$804 $682 17.9 %Total:Salaries, wages and benefits$2,094 $2,315 (9.5)%Supplies930 931 (0.1)%Other operating expenses1,079 1,196 (9.8)%Total$4,103 $4,442 (7.6)%Rent/lease expense(1):   Hospital Operations$56 $70 (20.0)%Ambulatory Care42 35 20.0 %Total$98 $105 (6.7)%

(1)Included in other operating expenses.

The following table provides information about our Hospital Operations segment’s selected operating expenses per adjusted admission on a continuing operations basis:

 Three Months Ended December 31,Increase(Decrease