Company: THC
Filing Date: 2025-02-18
Form Type: 10-K
Source: 0000070318-25-000009
Chunk: 35

Company: TENET HEALTHCARE CORP
Filing Date: 2025-02-18
Form: 10-K
Item: Item 7
Chunk 35
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$11,968 7.2 %Net patient service revenue per adjusted admission$15,397 $14,720 4.6 %Net patient service revenue per adjusted patient day$3,207 $3,017 6.3 %

 Same-Hospital Years Ended December 31,Increase(Decrease)Selected Operating Expenses20242023Salaries, wages and benefits$7,086 $6,885 2.9 %Supplies2,260 2,101 7.6 %Other operating expenses3,487 3,277 6.4 %$12,833 $12,263 4.6 %

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Table of Contents

 Same-Hospital Years Ended December 31,Increase(Decrease) (1)Selected Operating Expenses as a Percentage of Net Operating Revenues20242023Salaries, wages and benefits47.5 %49.4 %(1.9)%Supplies15.2 %15.1 %0.1 %Other operating expenses23.4 %23.5 %(0.1)%

(1)The change is the difference between the 2024 and 2023 percentages presented.

Revenues

Same‑hospital net operating revenues increased by $987 million, or 7.1%, during the year ended December 31, 2024 compared to the previous year. This increase was attributable to the positive impact of a more favorable payer mix, higher patient volume and acuity, growth in our Medicaid supplemental revenue, and negotiated commercial rate increases.

The following table presents our consolidated net accounts receivable by payer:

December 31, 20242023Medicare$113 $151 Medicaid65 61 Net cost report settlements receivable and valuation allowances6 47 Managed care1,390 1,667 Self-pay uninsured29 35 Self-pay balance after insurance69 71 Estimated future recoveries144 148 Other payers235 281 Total Hospital Operations2,051 2,461 Ambulatory Care485 453 Accounts receivable, net$2,536 $2,914 

Our accounts receivable days outstanding (“AR Days”) were 49.4 days and 55.4 days at December 31, 2024 and 2023, respectively. AR Days are calculated as our accounts receivable on the last date in the quarter divided by