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Stock Market & Financial Investment News

News Breaks
October 11, 2012
09:31 EDTTHCTenet Healthcare names Paul T. Browne as Chief Information Officer
Tenet Healthcare Corporation announced that Paul T. Browne has been named CIO. In his new role, Browne will oversee the leadership and strategic direction of Tenetís information technology systems and identify opportunities to advance the companyís business interests through the application of information technology. He will continue to oversee the strategy and operations of the applied informatics department, a leadership role he has held since June 2012 when he was appointed senior vice president. Browne joined Tenet in June and succeeds Stephen F. Brown, who will retire in March 2013 after more than 35 years with the company.
News For THC From The Last 14 Days
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October 7, 2014
06:03 EDTTHCCMS readmission penalties increase in 2015, says Wells Fargo
Wells Fargo says CMS released the final 2015 IPPS payment penalties for hospital readmissions, with incremental earnings Impact of down 0.2% to down 1.9% at for-profit hospitals. The firm estimates Community Health Systems (CYH) and Tenet Health (THC) will see the largest incremental reimbursement reduction in 2015, equal to down 1.9% and down 1.4%, respectively. It notes 2015 is the third year of hospital readmission penalties with a maximum penalty of 3%, up from 2% in 2014 and 1% in 2013. Wells has Outperform ratings on Community Health and HCA Holdings (HCA), and Market Perform ratings on LifePoint Hospitals (LPNT), Tenet and Universal Health (UHS).

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