The market expects Community Health Systems (CYH) to deliver a year-over-year increase in earnings on lower revenues when it reports results for the quarter ended December 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected t ...

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value investors use tried-and-true metrics and fundamental analysis to find compa ...

Shares of Community Health Systems, Inc. (CYH) have lost 16.4% in the past six months, underperforming the industry’s decline of 3.8% due to several challenges being faced by the hospital industry. Peers like Acadia Healthcare Company, Inc. (ACHC) and Tenet Healthcare Corporation (THC) have moved down 32.8% and 2.6%, respectively, during this time.Meanwhile, the S&P 500 index has experienced growth of 6.3%, highlighting the stark difference in performance. CYH has moved up 23.5% at this point from its 52-we ...

U.S. hospital company Community Health Systems, Inc. (CYH) recently announced that its subsidiary has agreed to divest the Lake Norman Regional Medical Center, along with related businesses, to Duke Health. The deal is valued at around $280 million.The 123-bed facility is located in Mooresville, NC. The deal is expected to complete in the first quarter of 2025. This transaction aligns with CYH's ongoing strategy, as the hospital was previously identified as a potential divestiture during the company's third ...

Community Health Systems Inc CYH shares are trading lower by 7% to $3.38 Thursday afternoon. The company announced a definitive agreement to sell its North Carolina Hospital to Duke Health for approximately $280 million.What Else: Community Health Systems announced that a subsidiary has entered a definitive agreement to sell the 123-bed Lake Norman Regional Medical Center in Mooresville, N.C., and related businesses to Duke Health for approximately $280 million, pending adjustments. The transaction, expecte ...

Community Health Systems, Inc. (CYH) unveiled that some of its subsidiaries signed a definitive deal to divest Florida-based ShorePoint Health Port Charlotte, along with specific assets of ShorePoint Health Punta Gorda situated in the Punta Gorda city of the state, and related ancillary businesses. The buyer, subsidiaries of Adventist Health System Sunbelt Healthcare Corporation, will acquire these aforementioned assets for $265 million in cash, subject to adjustments for net working capital and other facto ...

It has been about a month since the last earnings report for Community Health Systems (CYH) . Shares have lost about 11.8% in that time frame, underperforming the S&P 500.Will the recent negative trend continue leading up to its next earnings release, or is Community Health Systems due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers. Community Health Q3 ...

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Financial Data and Key Metrics Changes - Net operating revenues for Q3 2024 were $3.09 billion, slightly up year-over-year on a consolidated basis, with same-store net revenue increasing by 5.1% [12][20] - Adjusted EBITDA for the quarter was $347 million, down from $360 million in the prior year period, with a margin of 11.2%, down from 11.7% [13][20] - Cash flows from operations improved to $67 million compared to $29 million in the year-ago period, primarily reflecting improved cash flow from changes in working capital [20] Business Line Data and Key Metrics Changes - Same-store admissions increased by 2.4% and adjusted admissions rose by 2.6% year-over-year, with surgeries up by 3.1% [6][11] - The service line mix was less favorable than expected, with an overall case mix index down 60 basis points from the prior year, reflecting declines in both surgical mix and surgical CMI [12][13] - Medical specialist fees increased by $15 million or approximately 10% from the prior year period, with notable pressure in anesthesia [15] Market Data and Key Metrics Changes - The company experienced a significant increase in denials and downgrades by insurers, with more than half of the incidents coming from the Medicare Advantage book [13][14] - The company noted a slowdown in the adjudication process for claims, impacting cash collections and overall revenue [28][36] Company Strategy and Development Direction - The company is focused on strategic growth plans, including capital investments in expanding facilities and outpatient access points, with a nearly $200 million campus expansion in Baldwin County, Alabama [8][9] - The company is also enhancing its centralized patient financial services processes and physician advisor program to combat increasing denial activity by payers [7][14] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the impact of hurricanes on operations, particularly in Florida and Tennessee, and expressed optimism about recovery and growth opportunities in the fourth quarter and beyond [4][8] - The company anticipates normal seasonality improvements in Q4 and expects to continue growing volumes and earnings through strategic investments [8][48] Other Important Information - The company has a divestiture plan of $1 billion, with expectations to complete most transactions in Q4 2024 and Q1 2025 [21][22] - The company is implementing a new ERP system, which is expected to enhance operational efficiency and data standardization [22] Q&A Session Summary Question: Clarification on DPP and EBITDA guidance - The estimated EBITDA benefit from New Mexico and Tennessee is $100 million to $120 million annually, net of provider taxes, and not included in the 2024 guidance [25][26] Question: Impact of hurricane on EBITDA guidance - Approximately $18 million of the $40 million change in EBITDA guidance is attributed to hurricane impacts, with the remainder related to operational disruptions and denials [31][32] Question: Denial claims headwind - Denials have ramped up throughout the quarter, with a significant portion related to Medicare Advantage plans, and the company has been successful in reversing about 25% of denied claims [36][38] Question: Future outlook on acuity and revenue per admission - The company expects to recover from the hurricane impacts and anticipates improvements in acuity, which will positively affect revenue per admission [44][52] Question: Exchange business and Medicaid volume - The exchange business accounts for about 7% of admits, with a recent increase in exchange volume as Medicaid volumes decline [59]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 ☐ or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________ to ________ | --- | --- | |---------------------------------------------------------------------------------------|------------------------- ...