Community Health Systems

Community Health Systems

Type	Public (NYSE: CYH)
Industry	Hospital operations
Founded	1985
Founder(s)	Charles Miller Richard Ragsdale
Headquarters	Franklin, Tennessee, United States
Key people	Wayne T. Smith (CEO) Larry Cash (CFO)
Revenue	$7.2 billion (2007)
Operating income	$458 million (2007)
Net income	$30 million (2007)
Employees	90,000
Website	http://www.chs.net/

Community Health Systems Inc. (NYSE: CYH) is a Fortune 500 company based in Franklin, Tennessee. It is the largest non-urban provider of general hospital healthcare services in the United States in terms of number of acute care facilities. As of May 2009, it operates 120 hospitals in 28 states.^[1] After purchasing Triad, Inc., it divested itself of its interest in a facility in Ireland.

History

E. Thomas Chaney, former executive of Hospital Affiliates, Inc. and Charles Miller and Richard Ragsdale, former executives at Hospital Corporation of America spinoff Republic Health Corporation, formed Community Health Systems in 1985.^[2]

The company made its initial public offering in 1991. In 1996, the company was purchased by private equity firm Forstmann Little & Company.^[3] Community Health Systems went public again in 2000.^[4]

Currently it is being accused by Tenet Healthcare of overbilling Medicare in it's aggressive admissions policy compared to it's peers. It was subpoenaed by Medicare on its aggressive billing to the Medicare systems. ^[5]

References

1. ^ "CHS closes Triad purchase". Nashville Business Journal. 2007-07-25. http://nashville.bizjournals.com/nashville/stories/2007/07/23/daily17.html. 
2. ^ "BUSINESS PEOPLE; 3 Hospital Bidders Facing Skepticism". New York Times. 1987-04-13. http://query.nytimes.com/gst/fullpage.html?res=9B0DE3D71F31F930A25757C0A961948260. 
3. ^ Freundheim, Milt (1006-06-11). "Forstmann to Acquire Community Health for $1.1 Billion". New York Times. http://query.nytimes.com/gst/fullpage.html?res=9A06E3DE1739F932A25755C0A960958260. 
4. ^ "Stock Offerings Are Set". New York Times. 2000-06-05. http://query.nytimes.com/gst/fullpage.html?res=9C01EFD61F3CF936A35755C0A9669C8B63. 
5. ^ "Community Health Faces Inquiry on Medicare Claims". New York Times. 2011-11-15. http://dealbook.nytimes.com/2011/04/15/community-health-faces-inquiry-on-medicare-claims/. 

External links

• Community Health Systems
• Fortune 500 2007: Community Health Systems
• News stories on Community Health Systems from NashvillePost.com

This article about a medical, pharmaceutical or biotechnological corporation or company is a stub. You can help Wikipedia by expanding it.v · Categories: Companies listed on the New York Stock Exchange Companies based in Tennessee Hospital networks in the United States Companies based in Nashville, Tennessee Medical company stubs Wikimedia Foundation. 2010. Игры ⚽ Поможем решить контрольную работу Orchestra dell'Accademia Nazionale di Santa Cecilia Lagos Armoury Explosion Look at other dictionaries: Community health worker — Community health workers (CHW) are members of a community who are chosen by community members or organizations to provide basic health and medical care to their community. Other names for this type of health care provider include village health… …   Wikipedia Community Health Index — This article is about the health index for online communities. For NHS Scotland s patient identification system, see Community Health Index (Scotland). The Community Health Index[1] is a numerical index developed by Lithium Technologies to… …   Wikipedia Community health center — A health centre in the United Kingdom. A health center or community health center is a clinic staffed by a group of general practitioners and nurses. Community health centers (CHCs) in the U.S. are neighborhood health centers where low income… …   Wikipedia Association for Community Health Improvement — The Association for Community Health Improvement (ACHI) is a public health organization founded in 2002. It is a program of the Health Research and Educational Trust and an affiliate of the American Hospital Association.Mission and Focus AreasThe …   Wikipedia Michigan Department of Community Health — Agency overview Formed 1996 Preceding agencies Department of Public Health Medical Services Administration[2] Headquarters Lansing, Michigan Agency executive …   Wikipedia Health informatics in China — (Chinese: 医学信息学) is about the Health informatics or Medical informatics or Healthcare information system/technology in China. The main review and assessment of health informatics in China[1] for the WHO Health Metrics Network was conducted in… …   Wikipedia Health care provider — A health care provider is an individual or an institution that provides preventive, curative, promotional or rehabilitative health care services in a systematic way to individuals, families or communities. An individual health care provider (also …   Wikipedia Community informatics — (CI), also known as community networking, electronic community networking, community based technologies or community technology refers to an emerging field of investigation and practice concerned with principles and norms related to information… …   Wikipedia Health promotion — Health promotion, as defined by the World Health Organization, is the process of enabling people to increase control over, and to improve, their health. [ [http://www.euro.who.int/AboutWHO/Policy/20010827 2 WHO/Europe Ottawa Charter for Health… …   Wikipedia Health disparities — (also called healthcare inequality in some countries) refer to gaps in the quality of health and health care across racial (see Race and health), ethnic, and socioeconomic groups. [U.S. Department of Health and Human Services (HHS), Healthy… …   Wikipedia 18+ © Academic, 2000-2024 Contact us: Technical Support, Advertising Dictionaries export, created on PHP, Joomla, Drupal, WordPress, MODx. Mark and share Search through all dictionaries Translate… Search Internet Share the article and excerpts Direct link … Do a right-click on the link above and select “Copy Link”