Tenet Healthcare Announces Sale of Two Hospitals and Revenue Cycle Services Collaboration with Adventist Health

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Tenet Healthcare Corporation (NYSE: THC) has reached a definitive agreement with Adventist Health to offload two of its hospitals and associated operations in San Luis Obispo County. Additionally, Tenet’s Conifer Health Solutions subsidiary will join hands with Adventist Health to deliver revenue cycle services.

Furthermore, Conifer Health Solutions will forge a strategic alliance with Adventist Health to provide hospital and physician revenue cycle services. This partnership will see Conifer managing services for over $3.5 billion in net revenue, leveraging its advanced revenue cycle capabilities to improve cashflow performance and enhance patient engagement. Conifer is poised to deploy its state-of-the-art technologies and AI-driven workflows to support Adventist Health’s revenue cycle strategies and performance.

Saum Sutaria, M.D., Chairman and CEO of Tenet Healthcare, expressed confidence in the collaboration, stating, “Adventist Health is a prominent healthcare system with a commitment to compassionate care and serving the communities of San Luis Obispo County.” He highlighted the revenue cycle services partnership as a means for both organizations to leverage innovation in optimizing the patient experience.