Tenet Healthcare Corp. named J. Roger Davis as CEO of its income cycle administration subsidiary Conifer Well being Options, the Dallas-based hospital chain introduced Tuesday.
Davis changed Joseph Eazor, who stepped down in August for private causes, marking the third management change in a couple of yr. Tenet had deliberate to promote Conifer, however as a substitute determined to pursue a tax-free spinoff that might create an unbiased, publicly traded firm.
“I’m excited to work alongside our workers to assist form the corporate’s progress trajectory at this pivotal second within the life cycle of the spin-off, whereas constructing on the energy of our current shopper base and dealing intently with all shoppers to develop service vary and choices,” Davis stated in ready remarks.
Davis was the CEO of Revint Options, a income integrity enterprise for healthcare suppliers.
Tenet recorded a web loss from persevering with operations attributable to shareholders of $197 million within the quarter ended Sept. 30 as the corporate handled a wave of COVID-19 sufferers, down from a $227 million web loss within the prior-year interval.
Conifer phase revenues declined three.three% to $325 million on the quarter, from $336 million within the third quarter of 2019, primarily as a result of affect of COVID-19 quantity declines in addition to hospital divestitures. 12 months to this point, Conifer’s revenues declined 7.5% to $962 million.