Tenet Healthcare Term Paper Example | Topics and Well Written Essays - 250 words

Tenet Healthcare - Term Paper Example Tenet has over one hundred thousand employees and has its headquarters in Dallas, Texas. As a National Medical Enterprise, attorneys John Bedrosian, Leonard Cohen and Richard Eamer established Tenet in 1967 (Brooks, Silverman and Wallen, 2015). By 1975, the enterprise owned and operated twenty-three hospitals and a home healthcare business. It grew to expand in the 1970s and the 1980s to the present Tenet Healthcare Corporation. Tenet’s stock price declined by over 70% in 2002 because of Federal Investigations. It was in 2003 when Tenet’s Commitment to Quality, an initiative to improve the safety, service, quality and outcomes of the care services was initiated. In an endeavor to rebuild its Ethics and Compliance Programs, a chief compliance officer reporting directly to the board of directors was hired. Tenet strived to achieve its financial performance goals in the face of many compliance challenges instituted by the US Department of Health and Human Services. Despite the many challenges, Tenet managed to use various strategies leading to its growth and expansion and the acquisition of many other companies. According to reports released on 20 January 2015, Tenet owned two hundred and ten outpatient centers. Its operated hospitals include two children’s hospitals, four academic medical centers, and a critical access hospital with 20,814 licensed beds and three specialty hospitals that primarily serve urban and suburban communities in fourteen states. Tenet subsidiaries own and lease medical office buildings located near Tenet hospital campuses. These subsidiaries operate freestanding and provider-based outpatient centers in 16 states, ambulatory surgery centers, diagnostic imaging centers and satellite departments. The Corporation owns over five hundred physician practices (Brooks, Silverman and Wallen,