2003 Committee Charter : CYH

COMMUNITY HEALTH SYSTEMS, INC.
FINANCE COMMITTEE CHARTER

The Board of Directors of Community Health Systems, Inc. (the "Company") has established a Finance Committee (the "Committee") with general responsibility and specific duties as described below.

COMPOSITION

The Committee shall be comprised of not less than three Directors. Committee membership shall be approved by the Board of Directors.

RESPONSIBILITY

The Committee's responsibility is to assist the Board of Directors in fulfilling its oversight responsibilities relating to the Company's financing activities and financial condition.

ATTENDANCE

Members of the Committee should endeavor to be present, in person or by telephone, at all meetings; however, two Committee members shall constitute a quorum.

MINUTES OF MEETINGS

Minutes of each meeting shall be prepared and sent to Committee members and presented to Company Directors who are not members of the Committee at the next regularly scheduled meeting of the Board of Directors.

SPECIFIC DUTIES

1. Approve non-budgeted expenditures in excess of $2 million per item but less than $200 million per annum and review and make recommendations to the Board regarding non-budgeted expenditures in excess of $200 million, it being acknowledged that management shall have the right to approve non-budgeted expenditures up to $2 million per item, individually, and $6 million, in the aggregate, in each fiscal year. Notwithstanding the foregoing, the Audit and Compliance Committee shall approve any services to be performed by the Company's independent accountants.
2. Approve all acquisitions of hospitals with a purchase price (including net working capital) less than $200 million and review and make recommendations to the Board regarding hospital acquisitions with a purchase price in excess of $200 million.
3. Approve dispositions of assets in excess of $1 million but less than $100 million and review and make recommendations to the Board regarding non-budgeted expenditures in excess of $100 million. Approve sales of hospital equity interests to physicians.
4. Approve the final terms of capital structure matters (i.e., credit agreements and other financings that do not involve the issuance of capital stock of the Company) that have been reviewed and approved in conceptual form by the Board.
5. Review and make recommendations to the Board of Directors regarding the yearly operating and capital budgets.
6. Review the Committee's Charter annually, and update as appropriate.
7. Perform an annual evaluation of the Committee.


ADOPTION

As adopted by the Board of Directors on December 10, 2002.