Medicare accelerated payments of approximately $1.2 billion were received during the three months ended June 30, 2020, via the Medicare Accelerated and Advance Payment Program.
The Company completed the divestiture of three hospitals on January 1, 2020 (in respect of which the Company received proceeds at a preliminary closing on December 31, 2019), two hospitals on May 1, 2020, and two hospitals on July 1, 2020 (in respect of which the Company received proceeds at a preliminary closing on June 30, 2020) for a total of seven hospitals. ... Fiscal Year 0. Good morning, and welcome to Community Health Systems' fourth quarter and year end 2019 conference call. The terms "CHS" or the "Company" as used in this website refer to Community Health Systems, Inc. and its affiliates, unless otherwise stated or indicated by context. Thank you, Mike. Nasdaq Data Same-store operating results exclude the results of a hospital acquired in 2019 and the hospitals divested in 2019 and 2020. Community Health Systems (CYH) came out with quarterly earnings of $0.85 per share, beating the Zacks Consensus Estimate of a loss of $1.22 per share. Net income attributable to Community Health Systems, Inc. common stockholders was $70 million, or $0.61 per share (diluted), compared with … Approximately $448 million of the PHSSEF payments qualified as income for reimbursement of lost revenues and incremental expenses and was recognized as a reduction in operating costs and expenses during the three and six months ended June 30, 2020. As a member of Board of Directors at COMMUNITY HEALTH SYSTEMS INC, William Norris Jennings, MD made $290,000 in total compensation. Community Health Systems, Inc. is one of the largest publicly traded hospital companies in the United States and a leading operator of general acute care hospitals in communities across the country. The items excluded from Adjusted EBITDA are significant components in understanding and evaluating financial performance. Community Health Systems, Inc. (NYSE: CYH) (the “Company”) today announced financial and operating results for the three and six months ended June 30, 2020. Additionally, the federal government may consider additional stimulus and relief efforts, but we are unable to predict whether additional stimulus measures will be enacted or their impact, if any. IPOs Net operating revenues for the three months ended June 30, 2020, totaled $2.519 billion, a 23.7Net income attributable to Community Health Systems, Inc. common stockholders was $70 million, or $0.61 per share (diluted), for the three months ended June 30, 2020, compared with net loss of $(167) million, or $(1.47) per share (diluted), for the same period in 2019. Community Benefit Report For fiscal year 2019. The Company believes that the presentation of non‘GAAP adjusted net income (loss) attributable to Community Health Systems, Inc. common stockholders per share (diluted) presents useful information to investors by highlighting the impact on net income (loss) attributable to Community Health Systems, Inc. common stockholders per share (diluted) of selected items used in calculating Adjusted EBITDA which may not reflect the Company’s underlying operating performance and assisting in comparing the Company’s results of operations between periods. FactSet (a) does not make any express or implied warranties of any kind regarding the data, including, without limitation, any warranty of merchantability or fitness for a particular purpose or use; and (b) shall not be liable for any errors, incompleteness, interruption or delay, action taken in reliance on any data, or for any damages resulting therefrom. “I am proud of our hospital leadership teams and the corporate support teams that have demonstrated agility and resilience under pressure and leveraged all of the resources of our organization to support their community response as well as one another. On a same-store basis, admissions decreased 18.1 percent and adjusted admissions decreased 24.2 percent for the three months ended June 30, 2020, compared with the same period in 2019. Quick Links By using this site you agree to the
Community Health Systems (CYH) Tops Q2 Earnings Estimates
These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 169.67%.
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