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Stock impact report

CHS emphasizes divestitures, strong volumes in Q1 earnings [Yahoo! Finance]

Community Health Systems, Inc. (CYH) 
Last community health systems, inc. earnings: 4/28 04:15 pm Check Earnings Report
US:NYSE Investor Relations: chs.net/investor-relations
Company Research Source: Yahoo! Finance
Community Health Systems reported first-quarter earnings that beat analysts' expectations on Wednesday, including year-over-year same store operating revenue growth of 3.1% on high demand for services and a heavier flu season. The health system also made significant progress toward its long-term goal of deleveraging its balance sheet. CHS completed three divestitures during the quarter and announced a debt refinancing maneuver in tandem with the earnings release to bring down CHS' debt-to-operating income ratio. Still, familiar headwinds continued to dog the system, including elevated medical specialist fees and high rates of claim denials from payers. Uncertainties from Washington also add complexity to strategic planning, executives said, noting the Trump administration has been slow to approve state Medicaid supplemental payment programs. The health system beat the street's expectations for operating revenue in the first quarter, recording $3.2 billion, a 0.6% increase over Show less Read more
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