Tenet Reports Results for the First Quarter Ended March 31, 2019

Business Wire - finance.yahoo.com Posted 5 years ago

.97

$ 0.23 $ (0.09 ) $ (0.05 ) $ 1.06 $ (0.26 ) Discontinued operations   0.01     0.02     —   $ —     0.03     0.08   $ 0.98   $ 0.25   $ (0.09 ) $ (0.05 ) $ 1.09   $ (0.18 ) Diluted Continuing operations $ 0.95 $ 0.23 $ (0.09 ) $ (0.05 ) $ 1.04 $ (0.26 ) Discontinued operations   0.01     0.02     0.00     0.00     0.03     0.08   $ 0.96   $ 0.25   $ (0.09 ) $ (0.05 ) $ 1.07   $ (0.18 )

Weighted average shares and dilutive securities outstanding (in thousands):

Basic 101,392 102,147 102,402 102,501 102,110 102,788 Diluted 102,656 104,177 102,402 102,501 103,881 102,788  
 

TENET HEALTHCARE CORPORATION

SELECTED STATISTICS – CONTINUING TOTAL HOSPITALS(1)

(Unaudited)

(Dollars in millions except per adjusted patient day and per adjusted patient admission amounts)

            
Three Months Ended Year Ended Three Months Ended
3/31/2018 6/30/2018 9/30/2018 12/31/2018 12/31/2018 3/31/2019
 
Admissions, Patient Days and Surgeries
Number of hospitals (at end of period) 69 68 68 68 68 65
Total admissions 182,306 168,453 168,201 170,407 689,367 174,726
Adjusted patient admissions 320,868 306,063 306,197 308,113 1,241,241 308,133
Paying admissions (excludes charity and uninsured) 172,490 158,216 157,193 160,172 648,071 164,793
Charity and uninsured admissions 9,816 10,237 11,008 10,235 41,296 9,933
Admissions through emergency department 125,076 115,036 116,727 120,012 476,851 126,079
Paying admissions as a percentage of total admissions 94.6 % 93.9 % 93.5 % 94.0 % 94.0 % 94.3 %
Charity and uninsured admissions as a percentage of total admissions 5.4 % 6.1 % 6.5 % 6.0 % 6.0 % 5.7 %
Emergency department admissions as a percentage of total admissions 68.6 % 68.3 % 69.4 % 70.4 % 69.2 % 72.2 %
Surgeries — inpatient 47,223 46,274 45,626 45,897 185,020 44,795
Surgeries — outpatient 63,008 63,805 61,468 62,638 250,919 58,218
Total surgeries 110,231 110,079 107,094 108,535 435,939 103,013
Patient days — total 858,648 766,519 761,920 779,728 3,166,815 822,079
Adjusted patient days 1,486,139 1,373,480 1,365,662 1,383,372 5,608,653 1,420,170
Average length of stay (days) 4.71 4.55 4.53 4.58 4.59 4.70
Licensed beds (at end of period) 18,457 18,314 18,302 17,937 17,937 17,221
Average licensed beds 18,685 18,362 18,302 17,935 18,321 17,455
Utilization of licensed beds 51.1 % 45.9 % 45.3 % 47.3 % 47.4 % 52.3 %
Outpatient Visits
Total visits 1,842,539 1,749,847 1,722,292 1,734,523 7,049,201 1,714,392
Paying visits (excludes charity and uninsured) 1,725,976 1,633,372 1,607,184 1,617,970 6,584,502 1,603,712
Charity and uninsured visits 116,563 116,475 115,108 116,553 464,699 110,680
Emergency department visits 697,001 643,036 638,248 649,544 2,627,829 657,449
Paying visits as a percentage of total visits 93.7 % 93.3 % 93.3 % 93.3 % 93.4 % 93.5 %
Charity and uninsured visits as a percentage of total visits 6.3 % 6.7 % 6.7 % 6.7 % 6.6 % 6.5 %
Total emergency department admissions and visits 822,077 758,072 754,975 769,556 3,104,680 783,528
Revenues
Net patient service revenues(3) $ 3,643 $ 3,443 $ 3,434 $ 3,561 $ 14,081 ...