Community Health Systems Inc (NYSE:CYH)
$ 3.735 -0.035 (-0.93%) Market Cap: 519.04 Mil Enterprise Value: 12.71 Bil PE Ratio: 0 PB Ratio: 0 GF Score: 73/100
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Community Health Systems Inc at Bank of America Healthcare Conference Transcript

May 11, 2022 / 09:00PM GMT
Release Date Price: $6.12 (-4.23%)
Unidentified Analyst

I want to thank everyone for joining us here today. It's my pleasure to be introducing Community Health Systems. Community is one of the largest hospital chains in the country. Presenting today, we have Tim Hingtgen, who is the CEO; and Kevin Hammons, who's the President and CFO.

Questions & Answers

Unidentified Analyst

So I guess I'm going to throw curveball at you and start off with a question you have heard all week, which is labor cost. So can you talk a little bit about what you're seeing in the market right now and how you're thinking labor costs might progress through the year?

Kevin J. Hammons
Community Health Systems, Inc. - President & CFO

Sure. Let me kick that one off. So as we came out of the first quarter coming into April, we did see -- or starting to see a decline both in the utilization of contract labor as well as the rate that we're paying, albeit slower than we had previously experienced with other surges of COVID, where the contract labor moved out of the system quite

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