Tenet Healthcare’s move to regain full ownership of Conifer Health Solutions is aimed at lowering the cost to collect and positioning the revenue cycle business to “be more competitive,” CEO Saum Sutaria, M.D., said on the system’s latest earnings call. Tenet announced Feb. 2 that it was regaining full control of Conifer, with Chicago-based CommonSpirit exiting the partnership. Dr. Sutaria said on the call that Tenet had not received cash distributions from the joint venture in the past decade, leading to a buildup of redeemable noncontrolling interest and other liabilities.
Read the full article: How Tenet Is Positioning Conifer to ‘Be More Competitive’ //
Source: https://www.beckershospitalreview.com/finance/how-tenet-is-positioning-conifer-to-be-more-competitive/