Tenet Healthcare Corporation (NYSE: THC) will participate in the BofA Securities 2020 Health Care Conference on Tuesday, May 12. This conference has shifted to a virtual format for 2020. Tenet’s presentation is scheduled to begin at approximately 9:00 a.m. Eastern time (8:00 a.m. Central time).

To conserve cash, some employers are suspending contributions to their workers’ 401(k) accounts. Tenet Healthcare (THC) and a physician practice in Boston on the front lines of providing expensive coronavirus care have also suspended their matches. Employers are required to give their workers a 30-day notice and cannot stop the match prior to the 30-day period.

Tenet Healthcare Corporation (Tenet) (NYSE: THC) today announced its results for the quarter ended March 31, 2020 (1Q20).

The employer match of employee contributions is an important characteristic of 401(k) plans. The match was designed to encourage participation and contributions — particularly by lower-paid employees. Studies consistently find that the employer match is an important determinant of 401(k) participation and contribution decisions.

“Our expectation is that we can return impacted staff to service once we navigate through this unprecedented time and our core business gets back to normal," said Sally Deitch, Mid-South and Memphis market CEO over Saint Francis.

Cigna is expecting a strong year despite a decline in non-coronavirus related medical procedures, its CEO told Yahoo Finance in an interview.

Tenet (THC) delivered earnings and revenue surprises of 433.33% and -2.25%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?

Tenet Healthcare Corp., which operates several hospitals and facilities in Alabama, including Brookwood Baptist Health, has furloughed 10% of its workforce due to a reduction in services and elective surgeries. While no specific figures on Alabama numbers have been disclosed to the BBJ, the furloughed positions include administrative support jobs, corporate offices  and health workers in elective procedures and other non-coronavirus related health operations, according to Reuters. Brookwood Baptist said the furloughs don't affect direct bedside nursing care for COVID-19 or emergency or medically necessary care access for patients with other conditions.

Ensign Group's (ENSG) first-quarter 2020 results reflect strong revenues courtesy of robust segmental performance, partly offset by high costs.

Dallas-based hospital operator Tenet Healthcare Corp has furloughed roughly 10 percent of its workforce, citing a reduction in elective surgeries and other services precipitated by the coronavirus outbreak, according to a letter sent to employees on Wednesday.

The Dallas-based company made the decision to cut costs as the pandemic sends more people to the hospital.

Tenet Healthcare Corp. shares rose more than 2% in the extended session Monday after the hospital and ambulance operator reported its first quarter of earnings during the coronavirus pandemic. The company reported first quarter net income from continuing operations of $93 million, or 88 cents a share, versus a loss of $12 million, which amounts to 11 cents a share, a year ago. Adjusted for impairment and restructuring charges, among other things, earnings were $1.28 a share. Revenue fell to $4.52 billion from $4.55 billion in the year-ago period. The company said that as a result of government orders to limit non-essential activities, patient volumes for emergency room visits, admission and other elective procedures declined significantly beginning in mid-March. Tenet said that while it took steps to acquire personal protective equipment and other supplies it encountered significantly higher prices. The company said it currently believes it has enough supplies. Tenet said that it has reduced planned capital expenditures by $300 million, reducing discretionary spending and furloughing employees due to the lower patient volumes. Tenet said it had $2.2 billion in cash as of May 1 and has received $1.5 billion in advanced Medicare payments, which will have to be repaid within the next year, and a $345 million grant from the Coronavirus Aid, Relief and Economic Security Act. Tenet stock has fallen 16% in the past year, as the S&P 500 index declined 3.9%.

Q1 2020 Tenet Healthcare Corp Earnings Call

Traditionally considered a recession-proof industry, hospitals are feeling the pain of a pandemic-induced recession, causing layoffs, furloughs and pay cuts as they put their lives on the line to treat Covid-19 patients.

THC earnings call for the period ending March 31, 2020.

Despite the recent drag in Acadia Healthcare's (ACHC) business volumes, the same is expected to bounce back, given the defensive demand for its mental and behavioral health business.

Tenet Healthcare's (THC) Q1 results reflect a strong operating performance and an income tax benefit, partly offset by the coronavirus outbreak.

Tenet (THC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Hospital operator Tenet Healthcare Corp on Monday reported a profit for the first quarter, compared to a loss a year earlier, helped by a favorable tax benefit of $91 million. Net income attributable to Tenet Healthcare shareholders rose to $93 million, or 88 cents per share, in the first quarter ended March 31, compared to a loss of $12 million, or 11 cents per share, a year earlier.

Tenet Healthcare Corporation (NYSE: THC) will participate in the UBS Global Healthcare Conference on Tuesday, May 19. This conference has shifted to a virtual format for 2020. Tenet’s presentation is scheduled to begin at approximately 9:10 a.m. Eastern time (8:10 a.m. Central time).