Company: THC
Filing Date: 2025-04-29
Form Type: 10-Q
Source: 0000070318-25-000017
Chunk: 95

Company: TENET HEALTHCARE CORP
Filing Date: 2025-04-29
Form: 10-Q
Item: Part I, Item 8
Chunk 95
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1,133 March 1 through March 31, 2025829$126.67 829$1,028 Three Months Ended March 31, 2024:January 1 through January 31, 2024—$— —$550 February 1 through February 29, 2024—$— —$550 March 1 through March 31, 20242,811$98.86 2,811$272 

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 Ended March 31,20252024Hospital Operations:  Net patient service revenues from hospitals and related outpatient facilities:Medicare$548 $610 Medicaid380 411 Managed care2,400 2,656 Uninsured35 19 Indemnity and other117 154 Total3,480 3,850 Other revenues(1)549 523 Total Hospital Operations4,029 4,373 Ambulatory Care1,194 995 Net operating revenues$5,223 $5,368 (1)Primarily revenue from physician practices and revenue cycle management.The table below presents the composition of net operating revenues for our Ambulatory Care segment:Three Months Ended March 31,20252024Net patient service revenues$1,143 $954 Other revenues(1)51 41 Net operating revenues$1,194 $995 (1)Primarily revenue from management fees and other sources.

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Performance ObligationsThe following table presents revenue from revenue cycle management services that is expected to be recognized in the future related to performance obligations that are unsatisfied, or partially unsatisfied, at the end of the reporting period:  NineMonths EndingYears EndingLater YearsDecember 31, Total20252026202720282029Performance obligations$5,479 $546 $720 $717 $716 $716