Team Finance LLC Announces Second Quarter 20... (existing hospital relationships while ou...)

Team Finance LLC Announces Second Quarter 2009 Results

Date:8/10/2009

existing hospital relationships, while our favorable financial performance was further supported by improvements in our operating leverage and cost margins. In addition, our ongoing focus on working capital management and revenue cycle processes helped to positively impact our operating cash flow that improved both the Company's liquidity and net leverage positions.

"During a very challenging environment in 2009, we appreciate and value our employees, affiliated physicians and healthcare providers who are helping patients everyday at our client hospitals and ensuring that they receive the highest quality and compassionate clinical care."

Lynn Massingale, M.D., Executive Chairman of TeamHealth, added, "The financial results for the second quarter and first six months of 2009 demonstrate TeamHealth's ability to provide outstanding service in a very efficient manner. As the debate over healthcare reform continues in Washington, we believe we are well positioned to serve our patients and hospital clients within a much more complex and demanding environment that mandates even higher levels of accountability and efficiency. The significant and ongoing investments we have made in the areas of risk management, patient safety, information technology, operational efficiency and provider support will help our physicians and client hospitals thrive in a post-healthcare reform era."

Conference Call

As previously announced, TeamHealth will hold an investor conference call at 10:00 a.m. Eastern Time on August 11, 2009. 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 11, 2009, through midnight on Tuesday, August 18, 2009, by calling (800) 642-1687, access code 23311824.

About TeamHealth

Founded in 1979, TeamHealth is headquartered in Knoxville,
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SOURCE Team Finance LLC
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Team Finance LLC Announces Second Quarter 20...(existing hospital relationships while ou...),Health