Wall Street expects a year-over-year decline in earnings on higher revenues when Community Health Systems (CYH) reports results for the quarter ended December 2023. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact 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 to be released on ...

FRANKLIN, Tenn.--(BUSINESS WIRE)--Community Health Systems, Inc. (NYSE: CYH) today announced that it will webcast its fourth quarter and year-end 2023 conference call. The Company will issue a press release announcing its results on Tuesday, February 20, 2024, after the regular close of trading. The conference call is scheduled to begin at 10:00 a.m. Central Time, 11:00 a.m. Eastern Time, on Wednesday, February 21, 2024. During this call, Community Health Systems will review the Company’s financial and ope ...

Community Health Systems, Inc. (NYSE:CYH) Q3 2023 Earnings Conference Call October 26, 2023 11:00 AM ET Company Participants Anton Hie - Vice President, Investor Relations Tim Hingtgen - Chief Executive Officer Kevin Hammons - President and Chief Financial Officer Conference Call Participants Ben Hendrix - RBC Brian Tanquilut - Jefferies A.J. Rice - UBS Jason Cassorla - Citi Stephen Baxter - Wells Fargo Josh Raskin - Nephron Research Operator Good morning and welcome to the Community Health Systems Third Qu ...

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, 2023 ☐ or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________ to ________ Commission file number 001-15925 COMMUNITY HEALTH SYSTEMS, INC. (Exact name of registrant as specified in its charter) Delaware ...

Financial Data and Key Metrics Changes - Net operating revenues were $3.1 billion, representing a 6.2% year-over-year growth on a consolidated basis [51] - Adjusted EBITDA was $373 million, with an adjusted EBITDA margin of 12% [14] - Cash flows from operations were $86 million compared to $53 million in the second quarter of 2022 [15] - Contract labor expense decreased 15% sequentially to $74 million in the second quarter of 2023, down from $190 million in the first quarter of 2022 [28] Business Line Data and Key Metrics Changes - Same-store admissions increased by 4.8% and adjusted admissions increased by 4.9% year-over-year [24] - Same-store surgeries increased by 6.2%, with strength across various specialties [24] - Physician recruitment was up 13.1% compared to last year, marking the best recruitment year in the past five years [11] Market Data and Key Metrics Changes - The company has added nearly 200 beds in key health systems over the past 18 months [3] - The average hourly wage rate increased only 2.8% compared to the prior year and was down 0.6% sequentially [28] - The payer mix improved, contributing to better revenue per adjusted admission [43][122] Company Strategy and Development Direction - The company announced the planned divestiture of Bravera Health to focus resources on markets with greater growth potential [7] - Project Empower was launched as a strategic initiative to modernize and standardize business functions, expected to yield significant cost savings and operational efficiencies [10][55] - The company aims to achieve mid-teen EBITDA margins through various initiatives, including Project Empower and capital investments in high-acuity services [73][107] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about increasing demand for healthcare services due to investments in key markets and strong physician recruitment [20] - The company expects further improvement in free cash flow performance and anticipates a strong cash flow period in the fourth quarter [29] - Management acknowledged challenges in the managed care contracting environment, including increased scrutiny and denials from payers [101] Other Important Information - The company plans to use proceeds from divestitures primarily to pay down debt, freeing up capital for higher return uses in core strategic markets [54] - The net debt to trailing EBITDA ratio was 7.7x at quarter end, with $118 million of cash and equivalents on hand [54] Q&A Session Summary Question: What is the outlook for contract labor utilization? - The company expects a 40% to 50% decrease year-over-year in contract labor, with $74 million in the current quarter down from $150 million last year [34] Question: How is the transition with American Physician Partners impacting operations? - The transition is going well, with no disruption to operations, and the company is confident in managing the in-sourced providers effectively [38] Question: What is the company's positioning regarding public exchanges? - The company saw about a 100 basis point improvement in average rates and expects this trend to continue into 2024 [43] Question: How does the company view margin improvement potential? - The company believes there is potential for margin improvement through various initiatives, including Project Empower and operational efficiencies [44][107] Question: What impact will divestitures have on revenue and EBITDA? - The divestiture of Bravera Health is expected to close in the fourth quarter and will not have a material impact on 2023 results [64]

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 June 30, 2023 ☐ or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________ to ________ Commission file number 001-15925 COMMUNITY HEALTH SYSTEMS, INC. (Exact name of registrant as specified in its charter) Delaware 13-38 ...

Community Health Systems, Inc. (NYSE:CYH) Q1 2023 Earnings Conference Call May 2, 2023 11:00 AM ET Company Participants Shelly Schussele - Senior Director, Investor Relations Tim Hingtgen - CEO & Director Kevin Hammons - President & CFO Conference Call Participants Benjamin Hendrix - RBC Capital Markets Brian Tanquilut - Jefferies A.J. Rice - Crédit Suisse Kevin Fischbeck - Bank of America Merrill Lynch Joshua Raskin - Nephron Research Jason Cassorla - Citigroup Stephen Baxter - Wells Fargo Securities Opera ...

Earnings Presentation – 1 st Quarter, 2023 May 1, 2023 The consolidated operating results for the three months ended March 31, 2023, are not necessarily indicative of the results that may be experienced for any future periods. The Company cautions that the reaffirmation of our guidance for calendar year 2023 (which guidance was originally included in our February 15, 2023 presentation) as set forth herein is based on currently available information. The Company undertakes no obligation to revise or update a ...

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 March 31, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________ to ________ Commission file number 001-15925 COMMUNITY HEALTH SYSTEMS, INC. (Exact name of registrant as specified in its charter) Delaware 13-389 ...

By The Numbers Sequential Net Operating Revenue 4.8% -2.8% -1.3% -1.3% -0.2% | --- | --- | --- | --- | --- | --- | |-------|---------------|------------------|-------|---------------------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | | | | | | | | | | | | | Key | | 49.6% ...