In a first quarter earnings call, Tenet said it is investing $450 million into its ambulatory business in 2024.
During the company’s fourth quarter earnings call, CEO and Chair Saum Sutaria, MD, said, “Tenet is entering a new era with a greater proportion of our performance coming from our highly efficient ambulatory surgical business and a reduced debt profile. We will have significant financial and capital flexibility to increase shareholder value over the long-term.”
Tenet’s ASC arm United Surgical Partners International has made a name for itself as the biggest surgery center chain in the U.S.
“USPI’s services are generally 30% to 50% more affordable than similar services delivered in a hospital setting,” Dr. Sutaria said in a 2023 earnings call. “The linkage to our hospital business creates an unquestionably superior platform, from which to draw talent, operating expertise and scale benefits.”
At the Becker’s 32nd Annual Meeting: The Business and Operations of ASCs, taking place October 29-31 in Chicago, ASC leaders, surgeons and healthcare executives will explore strategies to drive growth, enhance operational performance, navigate reimbursement challenges and prepare for the future of ambulatory surgery. Apply for complimentary registration now.