U.S. hospitals halt lucrative procedures amid coronavirus crisis, job cuts follow [Reuters]
Tenet Healthcare Corporation (THC)
Last tenet healthcare corporation earnings: 2/24 04:21 pm
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Source: Reuters
U.S. hospitals halt lucrative procedures amid coronavirus crisis, job cuts follow SAN FRANCISCO/NEW YORK (Reuters) - U.S. hospitals and physician groups are beginning to feel severe financial strain as they shift operations from profitable procedures to focus on the rapidly spreading coronavirus pandemic. The hospital industry nationwide is under growing pressure to halt lucrative elective surgeries, relocate patients not infected with coronavirus from frontline facilities, and greatly expand capacity for expensive intensive care to address the healthcare crisis. In roughly a dozen states, including hard-hit New York, New Jersey and Washington, government officials have ordered these changes. Nationally, the Centers for Disease Control and prevention recommended facilities reschedule elective surgeries as necessary. Hospitals administrators say high-margin services, such as orthopedic and heart procedures, can account for up to 80% of revenue, while infectious disease and intensive re
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THC
Earnings
- 7/24/24 - Beat
THC
Sec Filings
- 9/6/24 - Form 4
- 8/29/24 - Form 4
- 8/27/24 - Form 144
- THC's page on the SEC website