Here's a look at health systems' financial performance in 2019 so far

hospital
The nation's largest health systems made nearly $1 billion in profit in the second quarter as inpatient admissions largely grew across some of the top health systems. (Getty/peterspiro)

The nation's largest health systems made nearly $1 billion in profit in the second quarter as inpatient admissions largely grew across some of the top health systems. 

The top-grossing health system was HCA Healthcare. With more than 518,000 admissions last quarter, up more than 4% from its about 495,000 acute admissions the same quarter last year, the health system earned $783 million on $25.6 billion in revenue

HCA reported same-facility admissions and same-facility emergency room visits increased while surgical admissions took a dip in the second quarter.

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Tenet's big news of the quarter came just days before releasing its earnings: The company announced it plans to spin off the $1.5 billion revenue cycle subsidiary Conifer Health Solutions as a separate, publicly traded company.

RELATED: Tenet announces plan for tax-free spinoff of revenue cycle business Conifer

Days later, the health giant beat Wall Street expectations as it reported a rise in revenue for the quarter to $4.6 billion, up from $4.5 billion in revenue in the same quarter of 2018.

Tenet reported net operating revenues in hospital operations and other segments reached $3.8 billion in the second quarter of 2019, up 2.5% from the second quarter of 2018. The increase in revenue was attributed primarily to revenue growth on a same-hospital basis, partially offset by hospital divestitures. Admissions increased 3.3% on a same-hospital basis, adjusted admissions increased 2.2% and revenue per adjusted admission increased 3.4%.

RELATED: HCA Healthcare weighs in on CMS' price transparency proposal during earnings call

RELATED: Community Health Systems CEO says chain nearing end of hospital selling spree

And while admissions either grew or remained steady across the board in the second quarter of 2019 compared to the same quarter last year, Franklin, Tennessee-based Community Health Systems continued to struggle with low admissions throughout 2019.  In the first quarter of the year, the health system had a 13.4% decrease in total admissions and a 12.8% decrease in total adjusted admissions compared with the first quarter of 2018.

The hospital chain announced a net loss of $167 million in the second quarter of 2019 as they continue to sell off hospitals to stem losses. 

Charts contributed by Data Editor Eli Richman.

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