For the first time, Tenet Healthcare Corporation (THC) is collaborating with TriWest Healthcare Alliance to reach out to Veterans in Arizona, California, Missouri, Tennessee and Texas. TriWest is a Phoenix-based company that has been catering to America’s military families and Veterans for the past 18 years.
Reason for Partnership
After a string of initiatives to increase its number of hospitals over the last couple of months, Tenet has now focused on catering to Veterans in the U.S. The collaboration aims to provide Veterans an access to 41 hospitals, 19 urgent care centers, 7 freestanding emergency departments, 18 ambulatory surgery centers, 85 diagnostic imaging centers and 600 employed physicians in the aforementioned states. Moreover, information will be shared between VA healthcare facilities and Tenet’s facilities. This should boost the coordination of care in the Veterans community.
Why TriWest?
TriWest is a renowned name when it comes to delivering quality customer service as well as healthcare and wellness services to Veterans in America. TriWest’s services supplement the capacities of the Department of Veterans Affairs – the government-run military veteran system in the U.S. Thus, partnering with such an entity will help Tenet reach out to the majority of Veterans and thereby increase its client base.
Our Take
With support from the Department of VA, Tenet’s association with TriWest will help in reaching out to more number of veterans than it could have done independently. People serving the country are in constant need of enhanced and multiple healthcare options. Thus, this section of clients has immense growth potential for Tenet. We believe that the deal will help Tenet to improve revenues through the addition of clients. Moreover, given the consistent enhancement in Tenet’s services, the company will be able to cater to veterans uninterruptedly.
Zacks Rank
Tenet carries a Zacks Rank #3 (Hold). However, better-ranked stocks in the healthcare services space that look attractive at current levels include Universal Health Services Inc. (UHS), Almost Family Inc. (AFAM) and Amedisys Inc. (AMED). All these stocks have a Zacks Rank #2 (Buy).
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