LifePoint Hospitals Q3 2007 Earnings Call Transcript

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2007-10-26 17:35:12.0

Tags: Lifepoint Hospitals Inc.

Question-and-Answer Session

Operator

(Operator Instructions) Our first question comes from the line of John Ransom of Raymond James & Associates.

John Ransom - Raymond James & Associates

Hi, Good morning. Nice bounce back from the second quarter. The question I had was if you looked at year-over-year adjusted volumes and you strip out the uninsured, can you give us an idea of what the volume trend was with patients who have insurance cards, not the total number, but the kind of paid patient number for lack of a better term?

David Dill

The inpatient admission decline 0.3%, and we did talk about our self-pay admissions down about 7%. That only represents about a 150 or so admissions during the quarter. So, if you carve that, it has a very small impact on the overall number. It doesn’t even probably get us back to flat but it has a little bit of an impact.

John Ransom - Raymond James & Associates

So base is almost flat but what about adjusted admissions, if you carved out the uninsured from adjusted admissions. Do you have an idea of the volume trend there?

David Dill

It will go up a little bit but not much.

John Ransom - Raymond James & Associates

Okay. And then secondly, I'm going to torture Bill with his favorite topic. I know you have hired a new CEO up in Danville. Is there anything worth mentioning up there in terms of what you're looking for?

And is there any been any progress made that you can tell? I know you haven’t started yet but you could you update on us on that situation?

William Carpenter

Yes we really are seeing improvement at Danville. Incremental improvement. We've got the right guy coming there now; he'll start on Monday. We've got a new CFO we have got a new CNO. So we've got a team.

That's what we needed there, John we need leadership there in Danville in order to be able to execute the strategies that we have in place there. We've done an intensive review of all the systems at Danville.

We've had teams from our corporate office working very, very closely with the folks in Danville. So, we're making great progress as far as that goes. We're seeing our doctors becoming more involved with us in a proactive way, in a positive way, and I'm very, very pleased about that and I appreciate that. So, I feel like we're on the right trend in Danville. I look forward to Gerald getting there. I look forward to being there again, very, very soon, and supporting him.

 

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