公司业务及发展 - 公司的业务包括医院运营和其他部门，以及门诊护理和Conifer部门[87] - 公司在2022年9月在南卡罗来纳州开设了新的急救医院PMC Fort Mill[87] - 公司的Ambulatory Care部门通过其子公司USPI在35个州拥有442个ASCs和24家手术医院[87] - 公司在2023年1月与John Muir Health达成协议，拟出售其对San Ramon Regional Medical Center的51%股权[89] - 公司继续专注于通过收购、有机增长、建设新门诊中心和战略合作来扩大其门诊护理部门[92] - 在2022年和2021年，公司投资了2.64亿美元和13.15亿美元，以收购新的ASC所有权利益，增加现有设施的所有权利益，并投资于新的设施[93] - 在2022年，公司通过收购多数和少数所有权利益以及开设15个全新设施，将37家完全运营的ASC纳入其投资组合[93] 财务状况 - 公司在2022年12月31日的继续经营中，应收账款天数为58.3天，目标应收账款天数低于55天[96] - 公司在2022年12月31日的继续经营中，医院运营部门的净营业收入在2022年同期较2021年同期减少了7000万美元，主要是由于COVID相关患者量和严重程度降低、手术量减少和患者住院时间缩短[96] - 公司在2022年12月31日的继续经营中，门诊护理部门的净营业收入在2022年同期较2021年同期增加了1.91亿美元，主要是由于最近收购的ASC、改善的病例量、新服务线的增量收入和商业费率的谈判涨幅[96] - 2022年12月31日，医院运营部门每个调整入院的薪资、工资和福利为7,670美元，较2021年增长0.5%[97] - 2022年12月31日，医院运营部门每个调整入院的耗材为2,447美元，较2021年下降9.1%[97] - 2022年12月31日，医院运营部门每个调整入院的其他运营费用为3,407美元，较2021年下降6.2%[97] - 2022年12月31日，医院运营部门每个调整入院的总费用为13,524美元，较2021年下降3.1%[97] - 医院运营部门的薪资、工资和福利支出在2022年12月31日的三个月内增加了7300万美元，同比增长4.0%[97] - 医院运营部门的耗材支出在2022年12月31日的三个月内减少了3700万美元，同比下降5.7%[97] - 医院运营部门的其他运营费用在2022年12月31日的三个月内减少了2800万美元，同比下降3.2%[97] - 2022年12月31日，现金及现金等价物为8.58亿美元，较2022年9月30日的12.08亿美元下降[97] - 2022年12月31日，经营活动提供的净现金为7.38亿美元，资本支出为2.9亿美元[98] - 2022年12月31日，债务支付为6,500万美元，包括现金支付2,400万美元用于偿还2024年7月到期的首次抵押债券[99] 政策变化及影响 - 2023年，Medicare住院前景支付系统的支付和政策变化将使城市地区医院的Medicare住院前景自由费用服务（FFS）支付平均增加2.6%[111] - 2023年，Medicare门诊前景支付系统和门诊外科中心支付系统的最终政策变化和支付率将导致城市地区医院的Medicare门诊前景FFS支付平均增加4.9%[112] - 2023年，Medicare门诊前景支付系统和门诊外科中心支付系统的最终政策变化和支付率将导致我们医院的Medicare门诊FFS收入增加约900万美元[112] - 2023年，Medicare医师费用时间表的最终规则将导致我们的FFS MPFS收入减少约400万美元[113] 财务策略及资本结构 - 公司在2022年赎回或回购了25.97亿美元的优先担保首次抵押和无担保票据，其中包括发行20亿美元的到期于2030年的6.125%优先担保首次抵押票据[94] - 公司董事会授权回购高达10亿美元的普通股，截至2022年12月31日，公司支付了约2.5亿美元回购了共计5,888,841股股票[94] - 公司计划进一步完善其医院和其他医疗设施组合，以帮助提高盈利能力、更有效地配置资本、在业务的高回报投资领域部署资金、增强现金流产生、减少债务并降低债务与调整后EBITDA比率[93] - 公司在2022年通过多次公开市场交易提前赎回了2024年到期的部分债务，共计1.4亿美元[156] - 公司于2022年6月发行了20亿美元的2030年到期的首要抵押债券，用于赎回2023年到期的无担保债券[157] - 公司在2022年6月通过多次公开市场交易提前赎回了2023年到期的无担保债券，共计1.24亿美元[158]

Tenet Healthcare Corporation (NYSE:THC) Q4 2022 Earnings Conference Call February 9, 2023 10:00 AM ET Company Participants Will McDowell - Vice President of Investor Relations Saum Sutaria - Chief Executive Officer Dan Cancelmi - Executive Vice President & Chief Financial Officer Conference Call Participants Kevin Fischbeck - Bank of America Jamie Perse - Goldman Sachs Justin Lake - Wolfe Research Ann Hynes - Mizuho A.J. Rice - Credit Suisse John Ransom - Raymond James Josh Raskin - Nephron Research Steven ...

| --- | --- | --- | --- | --- | --- | |-------|-------|--------------|-------|------------------|-------| | | | | | | | | | | | | | | | | th | | | | | | | | | | | | | 4 | | | | Quarter 2022 | | | | | | | | | | | | | | | | | | | | | Earnings Release | | | | | | | | | | | | | | | | | | | Presentation | | | | February 9, 2023 Cautionary Statements This presentation includes "forward looking statements." These statements relate to future events, including, but not limited to, statements regarding our liquidity, ...

Third Quarter 2022 Earnings Release Presentation October 20, 2022 Cautionary Statements 2 This presentation includes "forward-looking statements." These statements relate to future events, including, but not limited to, statements regarding our liquidity, operating results, future earnings, financial position, operational and strategic initiatives, and developments in legislation, regulation, and the healthcare industry more generally. These forward-looking statements represent management's expectations, ba ...

Second Quarter 2022 Earnings Release Presentation July 21, 2022 Cautionary Statements 2 This presentation includes "forward-looking statements." These statements relate to future events, including, but not limited to, statements regarding our liquidity, operating results, future earnings, financial position, operational and strategic initiatives, and developments in legislation, regulation, and the healthcare industry more generally. These forward-looking statements represent management's expectations, base ...

| --- | --- | |-------|--------------------------------------| | | | | | Fourth Quarter 2021 Earnings Release | | | Presentation | | | February 7, 2022 | Cautionary Statements 2 This presentation includes "forward-looking statements." These statements relate to future events, including, but not limited to, statements regarding our liquidity, operating results, future earnings, financial position, operational and strategic initiatives, and developments in legislation, regulation, and the healthcare industry ...

| --- | --- | --- | |-------|------------------|-------------------------------------| | | | Third Quarter 2021 Earnings Release | | | Presentation | | | | October 20, 2021 | | Cautionary Statements This presentation includes "forward-looking statements." These statements relate to future events, including, but not limited to, statements regarding our liquidity, operating results, future earnings, financial position, operational and strategic initiatives, and developments in legislation, regulation, and the ...

Second Quarter 2021 Earnings Release Presentation July 21, 2021 Cautionary Statements This presentation includes "forward-looking statements." These statements relate to future events, including, but not limited to, statements regarding our liquidity, operating results, future earnings, financial position, operational and strategic initiatives, and developments in legislation, regulation, and the healthcare industry more generally. These forward-looking statements represent management's expectations, based ...

Barclays High Yield Bond & Syndicated Loan Conference May 26, 2021 Cautionary Statements This presentation includes "forward-looking statements." These statements relate to future events, including, but not limited to, statements regarding our liquidity, operating results, future earnings, financial position, operational and strategic initiatives, and developments in legislation, regulation, and the healthcare industry more generally. These forward-looking statements represent management's expectations, bas ...

BofA Securities Health Care Conference May 12, 2021 Cautionary Statements This presentation includes "forward-looking statements." These statements relate to future events, including, but not limited to, statements regarding our liquidity, operating results, future earnings, financial position, operational and strategic initiatives, and developments in legislation, regulation, and the healthcare industry more generally. These forward-looking statements represent management's expectations, based on currently ...