TeamHealth 2Q Revenue Up 18.5%

Knoxville, Tenn.-based physician outsourcing firm TeamHealth's revenue in the second quarter of 2012 rose 18.5 percent from $427.2 million in the second quarter of 2011 to $506.3 million.


TeamHealth recorded $14.2 million in profit, a 16.2 percent drop from $16.8 million in the same quarter a year ago. Adjusted EBITDA increased 14.6 percent to $55.1 million.

TeamHealth's second quarter profit took a hit due to increased expenses. Higher professional liability expenses, liability costs and other administrative expenses all ate at the profit margins. However, increased business from fee-for-service contracts and other revenue offset some of the decreased net earnings.

More Articles on TeamHealth:

First Grad Completes TeamHealth Anesthesia Management Fellowship
TeamHealth Partners with Emergency Billing Group, Memorial Hospital in Virginia
TeamHealth Enters Joint Marketing Agreement With InQuicker

Copyright © 2024 Becker's Healthcare. All Rights Reserved. Privacy Policy. Cookie Policy. Linking and Reprinting Policy.

 

Featured Whitepapers

Featured Webinars