Tenet CEO says operating with 'urgency, accountability'
Tenet Healthcare highlighted in a press release that during the J.P. Morgan Healthcare Conference CEO Ron Rittenmeyer discussed the company's ongoing actions to improve financial performance and returns for shareholders. Rittenmeyer said: "Tenet is operating with urgency, accountability for performance and a relentless focus on quality care, patient satisfaction, cost management and compliance. We are focused on flattening and simplifying our enterprise, growing our hospital and ambulatory positions in attractive markets and reducing costs to improve our financial performance and enhance returns for our shareholders. We also are making strong progress on completing our non-core hospital divestiture program, exploring a potential sale of Conifer, identifying additional run-rate savings and continuing to refresh our Board, among other initiatives. We will continue executing on these strategies, which we believe will best position Tenet for future growth and success." As previously reported, Tenet Healthcare provided an update to its previous financial outlook for 2018 to reflect changes to federal tax laws enacted as part of Tax Cuts and Jobs Act.