Company: THC
Filing Date: 2025-07-30
Form Type: 10-Q
Source: 0000070318-25-000039
Chunk: 119

Company: TENET HEALTHCARE CORP
Filing Date: 2025-07-30
Form: 10-Q
Item: Part I, Item 8
Chunk 119
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—$550 February 1 through February 29, 2024—$— —$550 March 1 through March 31, 20242,811$98.86 2,811$272 April 1 through April 30, 2024—$— —$272 May 1 through May 31, 2024—$— —$272 June 1 through June 30, 20241,990$135.85 1,990$2 January 1 through June 30, 20244,801$114.19 4,801(1) In July 2025, our board of directors authorized a $1.500 billion increase to the 2024 share repurchase program. With this new authorization, $1.781 billion was available for repurchases of our common stock as of July 22, 2025.

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NOTE 9. NET OPERATING REVENUES

Net operating revenues for our Hospital Operations and Ambulatory Care segments primarily consist of net patient service revenues, principally for patients covered by Medicare, Medicaid, and managed care and other health plans, as well as certain uninsured patients under our Compact with Uninsured Patients and other uninsured discount and charity programs. Net operating revenues for our Hospital Operations segment also include revenues from providing revenue cycle management and value‑based care services to hospitals, health systems, physician practices, employers and other clients.The table below presents our sources of net operating revenues:Three Months EndedJune 30,Six Months EndedJune 30,2025202420252024Hospital Operations:  Net patient service revenues from hospitals and related outpatient facilities:Medicare$530 $518 $1,078 $1,128 Medicaid379 370 759 781 Managed care2,423 2,383 4,823 5,039 Uninsured— 11 35 30 Indemnity and other121 137 238 291 Total3,453 3,419 6,933 7,269 Other revenues(1)548 548 1,097 1,071 Total Hospital Operations4,001 3,967 8,030 8,340 Ambulatory Care1,270 1,141 2,464 2,136 Net operating revenues$5,271 $5,108 $10,494 $10,476