Company: THC
Filing Date: 2025-04-29
Form Type: 10-Q
Source: 0000070318-25-000017
Chunk: 110

Company: TENET HEALTHCARE CORP
Filing Date: 2025-04-29
Form: 10-Q
Item: Part I, Item 8
Chunk 110
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 the 2025 period.

Net operating revenues in our Ambulatory Care segment increased by $199 million, or 20.0%, in the three months ended March 31, 2025 compared to the same period in 2024. 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 higher net revenue per case in the 2025 period.

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

 Three Months Ended March 31,Increase(Decrease)20252024Hospital Operations:Salaries, wages and benefits$1,824 $2,084 (12.5)%Supplies589 654 (9.9)%Other operating expenses911 1,008 (9.6)%Total$3,324 $3,746 (11.3)%Ambulatory Care:   Salaries, wages and benefits$295 $237 24.5 %Supplies318 274 16.1 %Other operating expenses179 146 22.6 %Total$792 $657 20.5 %Total:   Salaries, wages and benefits$2,119 $2,321 (8.7)%Supplies907 928 (2.3)%Other operating expenses1,090 1,154 (5.5)%Total$4,116 $4,403 (6.5)%Rent/lease expense(1):   Hospital Operations$53 $68 (22.1)%Ambulatory Care43 35 22.9 %Total$96 $103 (6.8)%(1) Included in other operating expenses.

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

 Three Months Ended March 31,Increase(Decrease)20252024Salaries, wages and benefits per adjusted admission$8,564 $8,572 (0.1)%Supplies per adjusted admission2,763 2,688 2.8 %Other operating expenses per adjusted admission4,278 4,140 3.3 %Total per adjusted admission$15,605 $15,400 1.3 %

Salaries, wages and benefits expense for our Hospital Operations segment decreased by $260 million, or