Community Health Systems acquired facilities in Mississippi and South Carolina in 2014. These acquisitions are expected to earn up to $40 million revenue each for the company, annually.
Community Health Systems acquires two to four hospitals each year as a part of its growth strategy. Reducing duplicate functions at the corporate level reduces overhead salary costs.
Historically, most physician recruitment occurs in the third quarter. Around 50% of physicians recruited provide primary care. The remainder are specialists.
Community Health Systems (CYH) operates mainly in non-urban and select urban markets in the US. Florida has the highest number of company hospitals and also the highest share of company revenues.
Community Health Systems’ salary expenses as a percentage of net operating revenues decreased to 45.7% in the third quarter of 2014, from 47.7% on a year-over-year basis
Community Health Systems is experiencing a shift in revenue streams. Outpatient services totaled 55.8% of total revenue earned in the third quarter of 2014.
Community Health Systems (CYH) owns, operates, or leases 207 hospitals across 29 states. It currently controls more hospitals in the US than any other operator.
Analyzing Community Health Systems (CYH), which is a for-profit hospital, in relation to other for-profit hospitals can help you identify lucrative investment opportunities.
As a part of its growth strategy, Community Health Systems (CYH) acquires two to four hospitals, mostly municipal or non-profit hospitals, per year.
Community Health Systems had the highest capital expenditures as a percentage of its total revenue in 2013, at 7.6%. These expenses were around $991.3 million in dollar terms.
Community Health Systems (CYH) faces a unique combination of company risks in addition to the industry-specific risks of the hospital industry.
In 2013, Community Health Systems (CYH) had a workforce comprising 69,000 full-time employees and 18,000 part-time employees. The company also increased its total number of affiliated physicians by 1,030 in 2013.
The Patient Protection and Affordable Care Act (or ACA) and Health Care and Education Affordability Reconciliation Act are together called “Reform Legislation.”
For-profit hospitals like HCA Holdings (HCA), Tenet Healthcare (THC), Universal Health Services (UHS), and Community Health Systems (CYH) receive payments from federal Medicare, state Medicaid, or similar programs, managed care,…
Community Health Systems’ (CYH) operating expenses as a percentage of its net operating revenues increased from 85.1% in 2012 to 87% in 2013.
According to the US Census Bureau, 19.3% of the total US population resides in non-urban areas. Also, out of the total hospitals in the US, 40% are located in these areas.
The net operating revenues of Community Health Systems (CYH) decreased by 0.2% from $13.03 billion in 2012 to $12.9 billion in 2013.
Community Health Systems (CYH) has grown its hospital count rapidly in the last three decades. Today, it has the largest hospital network in the US.
The Patient Protection and Affordable Care Act (or ACA), passed in 2010, has led to a spike in transaction activity in the U.S. hospital industry.
The hospital industry constitutes about 30% of total national healthcare spending. This trend is expected to continue. The industry is tilted more towards the non-profit ownership type, with fewer publicly listed for-profit hospitals.