Company: THC
Filing Date: 2025-02-18
Form Type: 10-K
Source: 0000070318-25-000009
Chunk: 12

Company: TENET HEALTHCARE CORP
Filing Date: 2025-02-18
Form: 10-K
Item: Item 7
Chunk 12
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 the change between 2024 and 2023 included the following:

•An increase in net income before interest, taxes, depreciation and amortization, impairment and restructuring charges, acquisition‑related costs, litigation costs and settlements, loss from early extinguishment of debt, other non-operating income or expense, and net gains on sales, consolidation and deconsolidation of facilities of $454 million;

•Income tax payments that were $1.028 billion higher in 2024 than in 2023;

•Lower interest payments of $31 million; and

•The timing of other working capital items.

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).

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Table of Contents

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:

 Years Ended December 31,202420232022Medicare15.3 %16.4 %17.1 %Medicaid10.3 %8.5 %7.7 %Managed care(1)70.2 %70.4 %69.4 %Uninsured0.5 %0.6 %1.0 %Indemnity and other3.7 %4.1 %4.8 %

(1)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:

 Years Ended December 31,202420232022Medicare18.4 %19.9 %20.7 %Medicaid4.6 %5.0 %5.4 %Managed care(1)68.9 %67.3 %65.8 %Charity and uninsured4.5 %4.5 %4.9 %Indemnity and other3.6 %3.3 %3.2 %

(1)Includes Medicare and Medicaid managed care programs.

Our