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% ...

Community Health Systems, Inc. (NYSE:CYH) Q4 2022 Earnings Conference Call February 16, 2023 11:00 AM ET Company Participants Shelly Schussele - Senior Director, Investor Relations Tim Hingtgen - Chief Executive Officer Kevin Hammons - President and Chief Financial Officer Lynn Simon - President of Clinical Operations and Chief Medical Officer Conference Call Participants Josh Raskin - Nephron Research Kevin Fischbeck - Bank of America Jason Cassorla - Citi Stephen Baxter - Wells Fargo Operator Good day, an ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Commission file number 001-15925 COMMUNITY HEALTH SYSTEMS, INC. (Exact name of registrant as specified in its charter) Washington, D.C. 20549 Delaware 13-3893191 Form 10-K (State or other jurisdiction of incorporation or organization) (Mark One) (IRS Employer Identification No.) ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 Or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15( ...

公會 128 . . . . . Earnings Presentation – 3rd Quarter, 2022 LIC Community Health Systems Disclaimer Statement This presentation contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995 that involve risk and uncertainties. All statements in this presentation other than statements of historical fact, including statements regarding proje ...

Community Health Systems, Inc. (NYSE:CYH) Q3 2022 Earnings Conference Call October 27, 2022 11:00 AM ET Company Participants Ross Comeaux – Vice President-Investors Relations Tim Hingtgen – Chief Executive Officer Kevin Hammons – President and Chief Financial Officer Conference Call Participants Taji Phillips – Jefferies Kevin Fischbeck – Bank of America Jason Cassorla – Citi Stephen Baxter – Wells Fargo Josh Raskin – Nephron Research Operator Good day, and welcome to the Community Health Systems Third Quar ...