Tenet Completes Settlement for Inpatient Rehabilitation Admissions

DALLAS--(BUSINESS WIRE)-- Tenet Healthcare Corporation (NYSE: THC) today announced that it has entered into a voluntary civil settlement with the U.S. Attorney’s Office, Northern District of Georgia and the Departments of Justice and Health and Human Services for $42.75 million. The settlement relates to a previously disclosed matter involving inpatient rehabilitation admissions at 25 Tenet inpatient rehabilitation units from 2005 to 2007. The amount of the settlement was fully reserved by the Company as of Dec. 31, 2011. The cash payment for the settlement will be paid in Tenet’s second quarter 2012.

As part of an internal 2007 review, the Company’s compliance department identified overpayments related to inpatient rehabilitation unit at one facility. The overpayments resulted from Medicare patients having been admitted to the inpatient rehabilitation unit at a hospital in Georgia when those patients could have been treated at a lower level of care. In accordance with the Office of Inspector General (OIG) self disclosure protocol and consistent with our obligations under Tenet’s Corporate Integrity Agreement with the OIG of the U.S. Department of Health and Human Services, the Company promptly notified the OIG of its findings. This settlement is the result of dialogue between the United States and Tenet arising from that disclosure. Tenet currently operates eight inpatient rehabilitation units.

Tenet Healthcare Corporation, a leading health care services company, through its subsidiaries operates 50 hospitals, over 100 free-standing outpatient centers and Conifer Health Solutions, a leader in business process solutions for health care providers that serves more than 300 hospital and health care entities nationwide. Tenet’s hospitals and related health care facilities are committed to providing high quality care to patients in the communities they serve. For more information, please visit www.tenethealth.com.

This document contains “forward-looking statements” – that is, statements that relate to future, not past, events. In this context, forward-looking statements often address our expected future business and financial performance and financial condition, and often contain words such as “expect,” “anticipate,” “intend,” “plan,” “believe,” “seek,” “see,” or “will.” Forward-looking statements by their nature address matters that are, to different degrees, uncertain. Particular uncertainties that could cause our actual results to be materially different than those expressed in our forward-looking statements include the factors disclosed under “Forward-Looking Statements” and “Risk Factors” in our Form 10-K for the year ended December 31, 2011, our quarterly reports on Form 10-Q, periodic reports on Form 8-K and other filings with the Securities and Exchange Commission. The information contained in this release is as of the date hereof. The Company assumes no obligation to update forward-looking statements contained in this release as a result of new information or future events or developments.

Tenet uses its company website to provide important information to investors about the company including the posting of important announcements regarding financial performance and corporate developments.



CONTACT:

Tenet Healthcare Corporation
Media:
Rick Black, 469-893-2647
[email protected]
or
Investors:
Thomas Rice, 469-893-2522
[email protected]

KEYWORDS:   United States  North America  Texas

INDUSTRY KEYWORDS:   Practice Management  Health  Hospitals  Managed Care

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