Ardent Health is an integrated healthcare provider operating acute care hospitals and outpatient facilities across multiple states, delivering inpatient and outpatient care through a combination of directly-owned hospitals, physician practices, and joint venture partnerships with academic medical centers and not-for-profit hospital systems. The company generates revenue primarily from net patient service revenue, with significant income from Medicare, managed care plans, Medicaid, and Medicaid supplemental payment programs that support operations in lower-reimbursement regions. Ardent operates through a differentiated joint venture model in which it typically serves as majority owner and day-to-day operator, contributing operational expertise and management capabilities while partners provide local market presence and clinical resources, allowing the company to expand its integrated network across its service regions.