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Triad announces uninsured discounts

NEWS IN BRIEF — Posted Aug. 23, 2004

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Triad Hospitals Inc. has announced plans to offer discounts to uninsured patients at the 51 hospitals that it operates.

The discounts, which are subject to local legal restrictions, will vary based on the location of each hospital and each patient's ability to pay, the company announced on July 27. The program is expected to begin in the fourth quarter of 2004.

Triad said the program won't likely have a significant impact on earnings.

The Plano, Texas-based chain announced its second-quarter results on July 27, posting a $5.2 million loss blamed partly on the refinancing of debt. That compared with a profit of $38 million for the same period a year earlier. Triad recorded $1.1 billion in revenue for the second quarter of 2004, up from $897 million in 2003.

Note: This item originally appeared at http://www.ama-assn.org/amednews/2004/08/23/bibf0823.htm.

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