Company: THC
Filing Date: 2025-10-28
Form Type: 10-Q
Source: 0000070318-25-000046
Chunk: 7

Company: TENET HEALTHCARE CORP
Filing Date: 2025-10-28
Form: 10-Q
Item: Part I, Item 2
Chunk 7
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 the positive impact of a more favorable payer mix, increases in our same-hospital admissions, higher patient acuity, growth in Medicaid supplemental revenue and negotiated commercial rate increases in the 2025 period, largely offset by the divestiture of the AL Hospitals.

26

Net operating revenues in our Ambulatory Care segment increased by $136 million, or 11.9%, in the three months ended September 30, 2025 compared to the same period in 2024. This change was primarily driven by our recently acquired ASCs, an increase in same-facility case volume and higher net revenue per case during the 2025 period, partially offset by the impact of the closure and sale of certain facilities.

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

 Three Months Ended September 30,Increase(Decrease)20252024Hospital Operations:Salaries, wages and benefits$1,888 $1,908 (1.0)%Supplies594 597 (0.5)%Other operating expenses926 944 (1.9)%Total$3,408 $3,449 (1.2)%Ambulatory Care:   Salaries, wages and benefits$316 $310 1.9 %Supplies337 284 18.7 %Other operating expenses193 167 15.6 %Total$846 $761 11.2 %Total:   Salaries, wages and benefits$2,204 $2,218 (0.6)%Supplies931 881 5.7 %Other operating expenses1,119 1,111 0.7 %Total$4,254 $4,210 1.0 %Rent/lease expense(1):   Hospital Operations$56 $65 (13.8)%Ambulatory Care46 42 9.5 %Total$102 $107 (4.7)%(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 September 30,Increase(Decrease)20252024Salaries, wages and benefits per adjusted admission$8,761 $8,277 5.8 %Supplies per adjusted admission2,754 2,590 6.3 %Other operating expenses per adjusted