Dive Brief:

Community Health Systems brought in revenues that were in-line with company expectations during the third quarter, aided by a legal settlement, payer mix improvement and the approval of two new Medicaid state-directed payment programs.

The Tennessee-based system reported $3.1 billion in operating revenue during the third quarter , down slightly year over year but still high enough to beat Wall Street’s expectations, according to an analyst note published by Jefferies on Friday.

CHS said it plans to continue its hospital divestiture strategy. More sales are in the works and could close prior to year end, according to executives.

Dive Insight:

Overall, CHS grew same-store net revenue for the quarter by 6% year over year, with same-store inpatient admissions rising 1.3%.

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