Company: THC
Filing Date: 2025-07-30
Form Type: 10-Q
Source: 0000070318-25-000039
Chunk: 75

Company: TENET HEALTHCARE CORP
Filing Date: 2025-07-30
Form: 10-Q
Item: Part I, Item 2
Chunk 75
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When considering forward‑looking statements, you should keep in mind the risk factors and other cautionary statements in our Annual Report and in this report. Should one or more of the risks and uncertainties described in these reports occur, or should underlying assumptions prove incorrect, our actual results and plans could differ materially from those expressed in any forward‑looking statement. We specifically disclaim any obligation to update any information contained in a forward‑looking statement or any forward‑looking statement in its entirety except as required by law.

All forward‑looking statements attributable to us are expressly qualified in their entirety by this cautionary information.

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SOURCES OF REVENUE FOR OUR HOSPITAL OPERATIONS SEGMENT

We earn revenues for patient services from a variety of sources, primarily managed care payers and the federal Medicare program, as well as state Medicaid programs, indemnity‑based health insurance companies and uninsured patients (that is, patients who do not have health insurance and are not covered by some other form of third‑party arrangement).

The following table presents the sources of net patient service revenues for our hospitals and related outpatient facilities, expressed as percentages of net patient service revenues from all sources on a continuing operations basis:

Three Months EndedJune 30,Increase(Decrease)(1)Six Months EndedJune 30,Increase(Decrease)(1)2025202420252024Medicare15.3 %15.2 %0.1 %15.6 %15.5 %0.1 %Medicaid11.0 %10.8 %0.2 %10.9 %10.7 %0.2 %Managed care(2)70.2 %69.7 %0.5 %69.6 %69.4 %0.2 %Uninsured— %0.3 %(0.3)%0.5 %0.4 %0.1 %Indemnity and other3.5 %4.0 %(0.5)%3.4 %4.0 %(0.6)%

(1) The change is the difference between the 2025 and 2024 percentages presented.(2) Includes Medicare and Medicaid managed care programs.

Our payer mix on an admissions basis for our hospitals, expressed as a percentage of total admissions from all sources on a continuing operations basis, is presented below:

 Three Months EndedJune 30,Increase(Decrease