Company: THC
Filing Date: 2025-07-30
Form Type: 10-Q
Source: 0000070318-25-000039
Chunk: 88

Company: TENET HEALTHCARE CORP
Filing Date: 2025-07-30
Form: 10-Q
Item: Part I, Item 2
Chunk 88
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ase)Six Months EndedJune 30,Increase(Decrease)Selected Operating Expenses2025202420252024Salaries, wages and benefits$1,834 $1,775 3.3 %$3,649 $3,567 2.3 %Supplies595 563 5.7 %1,180 1,118 5.5 %Other operating expenses, net921 895 2.9 %1,821 1,742 4.5 %$3,350 $3,233 3.6 %$6,650 $6,427 3.5 %

 Same-HospitalSame-HospitalSelected Operating Expenses as a Percentage of Net Operating RevenuesThree Months EndedJune 30,Increase(Decrease)(1)Six Months EndedJune 30,Increase(Decrease)(1)2025202420252024Salaries, wages and benefits46.3 %47.3 %(1.0)%45.8 %47.4 %(1.6)%Supplies15.0 %15.0 %— %14.8 %14.9 %(0.1)%Other operating expenses, net23.3 %23.8 %(0.5)%22.8 %23.2 %(0.4)%

(1)The change is the difference between the 2025 and 2024 percentages presented.

Revenues

Same‑hospital net operating revenues increased by $206 million, or 5.5%, during the three months ended June 30, 2025 compared to the three months ended June 30, 2024, primarily due to the positive impact of a more favorable payer mix, higher patient admissions and acuity, growth in Medicaid supplemental revenue, and negotiated commercial rate increases in the 2025 period. Same‑hospital net operating revenues increased by $452 million, or 6.0%, during the six months ended June 30, 2025 compared to the six months ended June 30, 2024, primarily due to the factors discussed above.

Salaries, Wages and Benefits

Same‑hospital salaries, wages and benefits expense increased by $59 million, or 3.3%, in the three months ended June 30, 2025 compared to the same period in 2024. This change was primarily attributable to higher health benefits costs, an