Company: THC
Filing Date: 2025-02-18
Form Type: 10-K
Source: 0000070318-25-000009
Chunk: 37

Company: TENET HEALTHCARE CORP
Filing Date: 2025-02-18
Form: 10-K
Item: Item 7
Chunk 37
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 payables and related valuation allowances, of $6 million and $47 million at December 31, 2024 and 2023, respectively, are excluded from the table.

MedicareMedicaidManagedCareIndemnity,Self-Payand OtherTotalAt December 31, 2024:0-60 days93 %51 %62 %22 %55 %61-120 days4 %22 %18 %15 %17 %121-180 days1 %11 %9 %8 %9 %Over 180 days2 %16 %11 %55 %19 %Total 100 %100 %100 %100 %100 %At December 31, 2023:0-60 days93 %46 %58 %23 %54 %61-120 days5 %23 %16 %14 %15 %121-180 days1 %13 %9 %7 %8 %Over 180 days1 %18 %17 %56 %23 %Total 100 %100 %100 %100 %100 %

We continue to implement revenue cycle initiatives intended to improve our cash flow. These initiatives are focused on standardizing and improving patient access processes, including pre‑registration, registration, verification of eligibility and benefits, liability identification and collections at point‑of‑service, and financial counseling. These initiatives are intended to reduce denials, improve service levels to patients and increase the quality of accounts that end up in accounts receivable. Although we continue to focus on improving our methodology for evaluating the collectability of our accounts receivable, we may incur future charges if there are unfavorable changes in the trends affecting the net realizable value of our accounts receivable.

Patient advocates from our Eligibility and Enrollment Services program (“EES”) screen patients in the hospital to determine whether those patients meet eligibility requirements for financial assistance programs. They also expedite the process of applying for these government programs. Receivables from patients who are potentially eligible for Medicaid are classified as Medicaid pending, under the EES, net of appropriate implicit price concessions. Based on recent trends, approximately 97% of all accounts in the EES are ultimately approved for benefits under a government program, such as Medicaid.

The following table presents the approximate amount of accounts receivable in the EES still awaiting determination of eligibility