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Running head: APPLYING ANALYTIC TECHNIQUES TO BUSINESS1Analyzing Tenet Healthcare Inc Business ReportAssessment 3: Applying Analytic Techniques to BusinessNovember, 2019
APPLYING ANALYTIC TECHNIQUES TO BUSINESS2AbstractThe business analytical report on Tenet Healthcare Corporation will interpret the data gathered which addresses the company’s potential risk of decreased revenue. Tenet Healthcare was founded in 1969 is a multinational investor-owned healthcare services company that is located in Dallas, Texas, United States (Tenet Health, 2019). With Tenet Healthcare being one of the most popular healthcare corporation, the company operates many facility types and hospitals in the nation. CEO Ronald A Rittenmeyer become CEO of Tenet Healthcare on October 23rdof 2017 and is currently working to bring Tenet’s corporation back up, as they recently were forced to close downHahnemann Hospital in Philadelphia due to bankruptcy (Redford, 2019). It is essential for leaders to often analyze the businesses stocks because it allows the company to visualize where they stand in traits of revenue, expense and progress. While Tenet Healthcare is a community focused on care, they are a leading healthcare services company which works across the system to improve service delivery and attain high patient outcomes (Tenet Healthcare, 2019). Currently, Tenet owns 65 hospitals, 23 surgical hospitals, 475 outpatient center and is partnered with 50 different health systems (Tenet Healthcare, 2019). A corporation this big requires continuous analytic data research in order for the leader or CEO to keep up with the businesses expense, revenue, stocks and ensuring adequate service that is being delivered to its hospitals and centers. Furthermore, Tenet currently has 110k employeeswhich assist the corporation in achieving its goals, averaging an annual revenue of about $18.3 billion (Tenet Healthcare, 2019). Tenet’s mission is to provide quality, compassionate care in the communities in which they serve and their vision is to
APPLYING ANALYTIC TECHNIQUES TO BUSINESS3consistently deliver the right care, in the right place where patient care and saving lives remains their top priority (Tenet Healthcare, 2019). This report will interpret price stocks of Tenet Healthcare Corporation based on graphical representations of data and how these interpretations can be used in the company. Graphical Representations of DataThe stocks below examine Tenet Healthcare’s overall stock price from October 31, 2018 through October 30, 2019. The stocks below show the company’s investment and profits. By examining a company’s stocks and how they work is fundamental to attaining strong investment profits and will allow for substantial financial advantage for the company. The numbers on the left side of the stock indicate the stock price in U.S dollars while the dates on the bottom of the scatterplot indicate the time frame in which the stock was calculated.