Community Health Systems, Inc. (NYSE:CYH) Q1 2023 Earnings Conference Call May 2, 2023 11:00 AM ET

Company Participants

Shelly Schussele - Senior Director, Investor Relations

Tim Hingtgen - CEO & Director

Kevin Hammons - President & CFO

Conference Call Participants

Benjamin Hendrix - RBC Capital Markets

Brian Tanquilut - Jefferies

A.J. Rice - Crédit Suisse

Kevin Fischbeck - Bank of America Merrill Lynch

Joshua Raskin - Nephron Research

Jason Cassorla - Citigroup

Stephen Baxter - Wells Fargo Securities

Operator

Good morning, everyone, and welcome to the Community Health Systems First Quarter 2023 Earnings Conference Call. [Operator Instructions]. Please also note that today's call is being recorded. At this time, I'd like to hand the floor over to Shelly Schussele, Senior Director of Investor Relations. Ma'am, please go ahead.

Shelly Schussele

Thank you, Jamie. Good morning, and welcome to Community Health Systems' First Quarter 2023 Conference Call. Joining me on today's call are Tim Hingtgen, Chief Executive Officer; Kevin Hammons, President and Chief Financial Officer; and Dr. Lynn Simon, President of Clinical Operations and Chief Medical Officer.

Before we begin, I would like to remind everyone -- this conference call may contain certain forward-looking statements, including all statements that do not relate solely to historical or current facts. These forward-looking statements are subject to a number of known and unknown risks which are described in headings such as Risk Factors in our annual report on Form 10-K and other reports filed with or furnished to the Securities and Exchange Commission. As a consequence, actual results may differ significantly from those expressed in any forward-looking statements in today's discussion. We do not intend to update any of these forward-looking statements.

Yesterday afternoon, we issued a press release with our financial statements and definitions and calculations of adjusted EBITDA and adjusted EPS. We have also posted a supplemental slide presentation on our website. All calculations we will discuss on today's call exclude gain or loss from early extinguishment of debt, impairment expense as well as gains or losses on the sale of businesses, expense from governments and other legal matters and related costs, expense related to employee termination benefits and other restructuring charges.

With that said, I will turn the call over to Tim Hingtgen, chief Executive Officer.

Tim Hingtgen

Thank you, Shelly. Good morning, and welcome to our first quarter conference call. Our first quarter results include solid growth metrics and other promising indicators that demonstrate core demand for health care services is returning and that we are making progress with our initiatives and investments to capture volume.