DALLAS – Nov. 6, 2008 – Tenet Healthcare Corporation (NYSE: THC) announced today the formation of a wholly owned operating subsidiary, Conifer Health Solutions, Inc. (Conifer), which will offer a full range of revenue cycle management and patient communication services. The new company has more than 100 hospitals, including those operated by Tenet, under contract and already processes approximately 5 million patient accounts annually, worth approximately $9 billion.
The creation of Conifer is a natural extension of Tenet’s business, capitalizing on the skills and capabilities employees have developed through serving Tenet hospitals. Over the past five years, Tenet transformed its revenue cycle by consolidating hospital business offices into specialized business centers that leverage proprietary work processes. The patient communication services, currently branded as MEDContact, provide Tenet’s hospitals 24/7 access to inbound communications, outbound marketing services and physician referral assistance. As Conifer Patient Communications, MEDContact will broaden its existing offerings to include additional services.
“The formation of Conifer Health Solutions is an exciting move that builds on Tenet’s history of bringing innovation to health care providers,” said Trevor Fetter, Tenet’s president and chief executive officer. “Conifer brings world-class processes and systems to our clients, allowing them to focus on delivering the highest quality patient care.”
“Conifer’s comprehensive approach to revenue cycle management addresses the specific needs of health care providers,” said Stephen Mooney, head of Conifer Revenue Cycle Solutions. “Our innovative, service-oriented and proven processes operate behind the scenes to strengthen our clients’ financial performance.”
“Conifer offers hospitals a best-in-class contact center, supported around-the-clock by a highly skilled team equipped with leading-edge communication technologies,” said Dorothy Rubio, head of Conifer Patient Communications. “The value we bring to our customers lies in our ability to execute a wide range of critical communications, including physician referrals, patient education, marketing services, and our newest offering, admission reviews.”
Conifer Health Solutions, Inc. employs more than 2,300 health care service professionals. It is headquartered in Dallas, Texas, at 13737 Noel Road, and has offices in eight locations across the United States. Conifer can be found on the World Wide Web at www.coniferhealth.com, and interested parties can contact the company directly at 877-CONIFER.
Tenet Healthcare Corporation, through its subsidiaries, owns and operates acute care hospitals and related ancillary health care businesses, which include ambulatory surgery centers and diagnostic imaging centers. Tenet is committed to providing high quality care to patients in the communities we serve. Tenet can be found on the World Wide Web at www.tenethealth.com.
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Some of the statements in this release may constitute forward-looking statements. Such statements are based on our current expectations and could be affected by numerous factors and are subject to various risks and uncertainties discussed in our filings with the Securities and Exchange Commission, including our annual report on Form 10-K for the year ended Dec. 31, 2007, our quarterly reports on Form 10-Q and periodic reports on Form 8-K. Do not rely on any forward-looking statement, as we cannot predict or control many of the factors that ultimately may affect our ability to achieve the results estimated. We make no promise to update any forward-looking statement, whether as a result of changes in underlying factors, new information, future events or otherwise.