Company: THC
Filing Date: 2025-04-29
Form Type: 10-Q
Source: 0000070318-25-000017
Chunk: 66

Company: TENET HEALTHCARE CORP
Filing Date: 2025-04-29
Form: 10-Q
Item: Part I, Item 2
Chunk 66
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 the three months ended March 31, 2025 and 2024 was $2.400 billion and $2.656 billion, respectively. All Medicaid managed care patient service revenue is presented net of provider taxes or assessments paid by our hospitals.

UNINSURED PATIENTS

Uninsured patients are patients who do not qualify for government programs payments, such as Medicare and Medicaid, do not have some form of private insurance and, therefore, are responsible for their own medical bills. We provide financial assistance through our Compact with Uninsured Patients, which is designed to offer discounts to certain uninsured patients, and our charity and uninsured discount programs for uninsured patients who are unable to pay for the healthcare services they receive. The following table presents our estimated costs (based on selected operating expenses, which include salaries, wages and benefits, supplies and other operating expenses) of caring for our uninsured and charity patients:

Three Months Ended March 31,20252024Estimated costs for:  Uninsured patients$114 $139 Charity care patients17 21 Total $131 $160 

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RESULTS OF OPERATIONS

The following table presents our consolidated net operating revenues, operating expenses and operating income, both in dollar amounts and as percentages of net operating revenues, on a continuing operations basis:

 Three Months Ended March 31, 20252024Net operating revenues:  Hospital Operations$4,029 $4,373 Ambulatory Care1,194 995 Net operating revenues 5,223 5,368 Equity in earnings of unconsolidated affiliates56 59 Operating expenses:Salaries, wages and benefits2,119 2,321 Supplies907 928 Other operating expenses, net1,090 1,154 Depreciation and amortization206 208 Impairment and restructuring charges, and acquisition-related costs19 27 Litigation and investigation costs17 4 Net gains on sales, consolidation and deconsolidation of facilities(22)(2,500)Operating income$943 $3,285 Net operating revenues100.0 %100.0 %Equity in earnings of unconsolidated affiliates1.1 %1.1 %Operating expenses:Salaries, wages and benefits40.6 %43.2 %Supplies17.4 %17.3 %Other operating expenses, net20.9 %21.5 %