Group 1 - Tenet reported $5.3 billion in net operating revenues for Q3, exceeding Wall Street expectations and showing a 3.2% increase year-over-year [3] - The health system's earnings were driven by same-store revenue growth, operational efficiency initiatives, and a focus on high-acuity service lines for complex patients [3] - The acute hospital portfolio generated $4 billion in net revenue, aided by a $38 million increase from Medicaid supplemental payments from previous years [4] Group 2 - Tenet's ambulatory business, United Surgical Partners International (USPI), achieved $1.3 billion in revenue, with surgical volumes rising 2.1% year-over-year [4][6] - The company anticipates continued demand for high-acuity services, prompting an increase in its capital expenditure budget by $150 million, totaling between $875 million and $975 million [5][6] - Tenet raised its full-year revenue forecast for 2025 to between $21.2 billion and $21.4 billion, marking the second consecutive quarter of upward revisions due to strong performance [6]