Community Health Systems (NYSE: CYH) CEO Tim Hingtgen will retire at the end of September, marking a major leadership transition at one of the nation’s largest health care operators – and a key player in the ambulatory surgery center (ASC) space. President and CFO Kevin Hammons will succeed Hingtgen, who cited personal reasons for stepping down after 17 years with the company. “I'll be here until the end of September to support a seamless transition,” Hingtgen said during the company’s … [Read more...]
Community Health Systems Boosts Outpatient Surgery Volumes with 14% Growth in ASC Cases
Community Health Systems (NYSE: CYH) saw a significant boost in outpatient surgical volumes in its fourth quarter. That was largely thanks to ambulatory surgery center (ASC) growth, too, according to CHS CEO Tim Hingtgen.. “We are very well positioned for outpatient surgery, and as a result, same-store ASC cases increased 14% last year,” Hingtgen said during his company’s 2024 fourth-quarter earnings call. The CEO added that CHS ended the year with a total of 47 ambulatory surgery … [Read more...]