Tenet Healthcare Joins Federal Program for Bundled Payments

Dallas-based Tenet hospitals joined two other healthcare providers by opting into a federal program that aims to improve care while reducing costs, Modern Healthcare reports. Tenet and Adventist Health Systems (who are opening a new hospital in North Texas soon) are two of 1,299 entities who signed agreements with the Centers for Medicare & Medicaid Services to participate in the Bundled Payments for Care Improvement Advanced model. In all, 832 acute care hospitals and 715 physician group practices are included as well, according to Modern Healthcare. In the agreement, CMS pays providers a fixed amount for a certain set of… Full Story

Tenet Divests Its Nine-Facility Presence in the UK

Tenet Healthcare Corp. continues to tighten up its assets. The Dallas-based hospital operator said Monday that it has completed a deal to sell Aspen Healthcare, its London-based subsidiary. Aspen is comprised of nine healthcare facilities—four hospitals, four clinics, and a cancer care center. The buyer is NMC Healthcare UK Limited at a total compensation of $332 million. That price is made up of about $12 million cash and $320 million in liabilities, according to a recent filing. The sale takes Tenet out of the UK market. The company completed a transaction last month that took it out of the Chicago… Full Story

Alabama Hospital Owned by Tenet No Longer At Risk Of Losing Medicare Privileges

A hospital in Alabama owned by Dallas-based Tenet Healthcare is clear of immediate risk of losing its Medicare billing privileges for the second time this year, according to Becker’s Hospital Review. Birmingham-based Brookwood Baptist Medical Center was under pressure after the Centers for Medicare and Medicaid Services notified it in July that it wasn’t in compliance with certain program requirements related to patient safety. Brookwood had until Aug. 9 to make the changes or face contract termination, and Becker’s reports that CEO Keith Parrott confirmed the changes have been made. “We will continue to fully participate in the Medicare and… Full Story

Tenet Healthcare Sells Off Three Hospitals

Tenet Healthcare Corp. announced Wednesday that it has sold off its three acute care hospitals in Chicago in a transaction that closes the loop on the Dallas-based hospital chain’s entry into the market a half-decade ago. The facilities exiting Tenet’s portfolio are Louis A. Weiss Memorial Hospital, Westlake Hospital, and West Suburban Medical Center, plus their local affiliates. It’s expected to close during the fourth quarter. Tenet found buyers in hospital operator Pipeline Health and investment firm TWG Partners. Financial terms were not released. The move follows Tenet’s strategy to commit to its top markets, as Modern Healthcare points out. It… Full Story

Report: UnitedHealth Eyeing Tenet’s Conifer

The Wall Street Journal reports this week that UnitedHealth Group is among the companies taking a hard look at Tenet Healthcare’s Frisco-based Conifer Health Solutions. Tenet has been dangling its healthcare management subsidiary on the open market since December, although it has maintained it might choose to keep the division. It accounts for about $1.6 billion in revenue—about eight percent of Tenet’s total—but has been a bright spot for the company amid recent cuts and restructuring. The WSJ says Conifer could fetch $2 billion or more from an acquisition.

Tenet Pulls In 5 Million Servings Of Cereal During Annual Drive

Tenet Healthcare collected more than 5 million servings of the cereal during its annual Healthy Over Hungry Cereal Drive. Hundreds of Tenet facilities across the U.S., including more than 30 in North Texas, gathered cereal and raised $380,000 for Feeding America and local food banks during the week-long drive. The financial contribution, which includes a $100,000 match from Tenet, was up 23 percent from last year. Tenet’s SVP for Public Affairs Dan Waldmann says the company raised 63 percent more servings of cereal than last year. “We’ve grown this each year both in total financial donations and contributions of cereal,… Full Story

Tenet Hospital In Alabama Cleared By CMS After Prior Termination Notice

A hospital owned by Dallas-based Tenet Healthcare has been cleared by the Centers for Medicare and Medicaid Service after receiving a termination notice last month, according to this Becker’s story citing a paywalled Birmingham Business Journal report. The hospital at question was Brookwood Baptist Medical Center in Birmingham, which received notice in May that it was at risk of losing its Medicare billing privileges. A survey by CMS found staff inside the psychiatric unit used inappropriate restraint methods on multiple occasions, Becker’s reported. The termination date was set for May 31, but Tenet submitted a plan of correction and CMS… Full Story

Tenet Subsidiary Teams With Florida Clinic, Buys Stake In Ambulatory Surgery Centers

United Surgical Partners International, a subsidiary of Dallas-based Tenet Healthcare, has purchased a stake in two ambulatory surgery center locations in Jacksonville. USPI and Florida clinic Borland Groover now jointly own the Jacksonville Center for Endoscopy’s Southside and Riverside locations. The terms of the deal were not disclosed. Borland Groover is a gastroenterology clinic with locations across Florida’s east coast. It says it’s one of the largest such practices in the U.S., boasting 75 physicians. Tenet has been buying out other owners of USPI. In April, it bought out Welsh, Carson, Anderson & Stowe to take a 95 percent stake.… Full Story

Tenet Hires A Pair of New Executives

Tenet Healthcare Corp. has added a chief information officer and a chief marketing officer. The Dallas-based company brought on Paola Arbour as senior vice president and CIO. Arbour replaces Paul Browne, who took a job at Detroit-based Henry Ford Health System earlier this year. Tenet also added Marie Quintana as SVP and CMO. She’s the company’s first enterprise-wide CMO, although the company has had CMOs at the business unit level, according to a spokesperson. Both will be direct reports to CEO Ron Rittenmeyer. Arbour joins Tenet from ProV International, which does software development and managed services. She ran the ServiceNow… Full Story

Tenet Tops Among For-Profit Trend Toward Higher Revenue Per Patient

With Q1 earnings time having come and gone, Modern Healthcare on Monday took a look at a trend that emerged across first-quarter reports from the largest for-profit hospital systems: They’re making more money per patient. And among them, Dallas-based Tenet Healthcare Corp. made the largest leap by that metric, growing revenue per admission by 4.1 percent during the first quarter of 2018. Tenet leadership, as MH points out, attributed that to higher acuity, particularly within its expanding sectors of cardiovascular and trauma. It says the trend is sustainable. Interestingly, the No. 2 system by growth in revenue per admission also… Full Story