Community Health Systems, Inc. (NYSE:CYH) Q1 2022 Earnings Conference Call April 28, 2022 11:00 AM ET

Company Participants

Ross Comeaux - Vice President of Investor Relations

Tim Hingtgen - Chief Executive Officer

Kevin Hammons - President & Chief Financial Officer

Conference Call Participants

Ben Hendrix - RBC Capital

Jack Slevin - Jefferies

Kevin Fischbeck - Bank of America

Josh Raskin - Nephron Research

Jason Cassorla - Citi

Stephen Baxter - Wells Fargo

Operator

Good day, and thank you for standing by. Welcome to Community Health Systems First Quarter 2022 Earnings Call. Please be advised that today's conference is being recorded.

I would now like to hand the conference over to your speaker for today, Mr. Ross Comeaux, Vice President of Investors Relations.

Ross Comeaux

Thank you, Jay. Good morning, and welcome to Community Health Systems' First Quarter 2022 Conference Call. Joining me today are Tim Hingtgen, Chief Executive Officer; Dr. Lynn Simon, President of Clinical Operations and Chief Medical Officer; and Kevin Hammons, President and Chief Financial Officer.

Before I turn the call over to Tim, I'd like to remind everyone that 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. For those of you listening to the live broadcast of this conference call, a supplemental slide presentation has been posted to our website. We will refer to those slides during this earnings call. All calculations we will discuss also exclude loss or gain from early extinguishment of debt and impairment expense as well as gains or losses on the sale of businesses.

With that said, I'd like to turn the call over to Tim Hingtgen, Chief Executive Officer.

Tim Hingtgen

Thank you, Ross. Good morning, everyone, and welcome to our first quarter conference call. The COVID-19 pandemic and specifically a surge in cases due to the Omicron variant impacted our results in the first quarter. We provided care for approximately 13,000 inpatient COVID admissions, 12% of our total admissions in the quarter. The surge was most acute in January when our hospitals cared for approximately 9,000 inpatient COVID cases or about one-quarter of total admissions for that month.