泰尼特保健 2026年季度报告

SECURITIES AND EXCHANGE COMMISSION Washington, DC20549 Form10-Q Indicate by check mark whether the Registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule405 of Regulation S-T during the preceding 12months.YesNo Table of Contents TENET HEALTHCARE CORPORATION TABLE OF CONTENTSPagePARTI. FINANCIAL INFORMATIONItem 1.Financial Statements (Unaudited) i TENET HEALTHCARE CORPORATION AND SUBSIDIARIESCONDENSED CONSOLIDATED BALANCE SHEETS TENET HEALTHCARE CORPORATION AND SUBSIDIARIESCONDENSED CONSOLIDATED STATEMENTS OF OPERATIONSDollars inMillions, Except Per-Share Amounts TENET HEALTHCARE CORPORATION AND SUBSIDIARIESCONDENSED CONSOLIDATED STATEMENTS OF OTHER COMPREHENSIVE INCOME TENET HEALTHCARE CORPORATIONNOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS NOTE 1. BASIS OF PRESENTATION Description of Business and Basis of Presentation Tenet Healthcare Corporation (together with our subsidiaries, referred to herein as “Tenet,” “we” or “us”) is a diversifiedhealthcare services company headquartered in Dallas, Texas. Our expansive, nationwide care delivery network consists of our HospitalOperations and Services (“Hospital Operations”) and Ambulatory Care segments. As of March31,2026, our Hospital Operationssegment was comprised of 50 acute care and specialty hospitals, a network of employed physicians and 132outpatient facilities,including urgent care centers, imaging centers, off-campus hospital emergency departments and micro‑hospitals. Our Ambulatory Caresegment is comprised of the operations of USPI Holding Company,Inc. (together with its subsidiaries, “USPI”), which held ownership Our Hospital Operations segment also provides revenue cycle management and value-based care services to hospitals andother healthcare facilities, health systems, physician practices, employers and other clients through Conifer Health Solutions, LLC(“Conifer”), which was a wholly owned subsidiary at March31,2026. We owned 76.2% of Conifer at December31,2025, and theremaining 23.8% was held by Catholic Health Initiatives (“CHI”), now known as CommonSpirit Health. Prior to January 2026,Conifer provided services to certain CHI facilities under an amended and restated master services agreement (the “RCMAgreement”),which was scheduled to end on December31,2032. On January27,2026, we entered into certain agreements with CHI relating toConifer (collectively, the “Omnibus Agreement”). Subject to the terms of the Omnibus Agreement, the parties agreed to, among otherthings: (1)conclude the RCMAgreement by December31,2026; (2)CHI’s payment to us of an aggregate amount equal to This quarterly report supplements our Annual Report on Form10‑K for the year ended December31,2025(“AnnualReport”). As permitted by the Securities and Exchange Commission for interim reporting, we have omitted certain notes anddisclosures that substantially duplicate those in our AnnualReport. For further information, refer to the audited Consolidated Financial We adopted the Financial Accounting Standards Board’s Accounting Standards Update (“ASU”) 2025‑10, “GovernmentGrants” (“ASU 2025-10”), effective as of January1,2026, using the modified prospective approach. We have elected to apply the costaccumulation approach for grants related to assets. Under this method, we will initially measure the subject asset on the basis of thecost incurred to acquire or construct the asset, less the monetary grant received or expected to be received when the grant meets Although our Condensed Consolidated Financial Statements and these related notes are unaudited, we believe all adjustmentsconsidered necessary for a fair presentation have been included and are of a normal recurring nature. The preparation of financialstatements in conformity with accounting principles generally accepted in the United States of America (“GAAP”) requires us to makeestimates and assumptions that affect the amounts reported in our Condensed Consolidated Financial Statements and theseaccompanying notes. We regularly evaluate the accounting policies and estimates we use. In general, we base the estimates onhistorical experience and on assumptions that we believe to be reasonable given the particular circumstances in which we operate. Table of Contents Operating results for the three-month period ended March31,2026 are not necessarily indicative of the results that may beexpected for the full year. Reasons for this include, but are not limited to: the impact of the demand for, and availability of, qualifiedmedical personnel on compensation costs; overall revenue and cost trends, particularly the timing and magnitude of price changes;fluctuations in contractual allowances and cost report settlements and valuation allowances; managed care contract negotiations,settlements or terminations and payer consolidations; trends in patient accounts receivable collectability and associated implicit priceconcessions; the impact of cybersecurity inciden