Dallas-based Tenet Healthcare softened estimates of its adjusted 2011 profit, saying a less favorable patient mix is leading to its increase in overall patient volumes, according to a MarketWatch report.
According to the report, the healthcare provider said a spike in Medicaid admissions has contributed to more than 75 percent of its admissions growth in the third quarter, and it also recorded below-average levels of Medicare acuity in July and August.
Tenet expects its earnings before interest, taxes, depreciation and amortization to be near the lower end of its $1.18 billion to $1.28 billion target.
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According to the report, the healthcare provider said a spike in Medicaid admissions has contributed to more than 75 percent of its admissions growth in the third quarter, and it also recorded below-average levels of Medicare acuity in July and August.
Tenet expects its earnings before interest, taxes, depreciation and amortization to be near the lower end of its $1.18 billion to $1.28 billion target.
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