Tenet Healthcare Corp. (THC) said it expects volume to increase as a result of the health-care reform bill which was signed into law Tuesday, according to reports.
The company, which operates general hospitals nationwide, stands to see a large increase in patient traffic. Biggs Porter, the company’s chief financial officer said at the Barclays Capital 2010 Global Healthcare Conference in Miami that the company was still looking at the bill and expects to see volume increases as a result of its passage, according to Dow Jones Newswires .
Porter also said although there will likely be a slight reduction in government payments, but that those payments could have been reduced in the long-term anyway, the news service reported.
Tenet shares rose 3 cents or 0.48% in the regular session, Tuesday, closing at $6.30 a share, before falling 4 cents in trading after hours. In the past month, the stock has rallied $1.26 or 25%.
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