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Team Finance LLC Announces Second Quarter 2008 Results
Date:8/11/2008

e financial results. We are especially pleased with the solid performance of our core emergency staffing and management operations and the success of our ongoing new business development efforts. Operating cash flow was strong in the quarter and has increased significantly over the prior reporting periods. We continue to focus our efforts and commit resources to investments and initiatives that will allow TeamHealth to continue to support our affiliated clinicians and hospital customers in delivering outstanding clinical care."

Lynn Massingale, M.D., Executive Chairman of TeamHealth, added, "In addition to our solid financial results, we are also pleased to report a favorable legislative resolution regarding Medicare physician funding. The recent Congressional action to reverse the potential drastic cut in Medicare physician payments and provide a modest increase in funding for the remainder of 2008 and into 2009 is an important development. This action provides a level of near term certainty in this critical area of financial support to all physicians that has not been present in some time. In addition to the stability of the base Medicare funding over the next 18 months, this legislation outlined certain financial incentives that are aligned with and further support our existing efforts to continue to improve the efficiency and quality of care provided to patients. We appreciate the significant effort by many of our affiliated physicians and other colleagues that contributed to this positive outcome."

Conference Call

As previously announced, TeamHealth will hold an investor conference call at 10:00 a.m. Eastern Time on August 12, 2008. All interested parties may listen to the call by calling (888) 290-3292. A taped replay of the call will be available after 1:00 p.m. Eastern Time Tuesday, August 12, 2008, through midnight on Tuesday, August 19, 2008, by calling (800) 642-1687, access code 58184941.

About TeamHealth

Founded in 197
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