HCA Healthcare leads health systems in Q3 revenue, earnings upticks
HCA Healthcare saw a $1.2 billion or 11% jump in its third-quarter revenue, the largest spike among publicly traded health systems reported in the most recent quarterly financial filings.
Officials at the Nashville-based health system giant largely credited the latest upticks to volume growth across its book of business, including the strongest same facilities volume the health system has seen over the last 17 quarters, said HCA's CEO Sam Hazen in a call with investors last month. On a same facilities basis, revenue grew by approximately $700 million or 6.3%, he said.
Inpatient admissions grew 3.2% while equivalent admissions grew 4.2%; emergency room visits grew by 4.1%. Inpatient surgeries grew 2.2%, and outpatient surgeries grew by 2.6%.
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"We had broad-based volume growth across most service categories and it was balanced across our markets with growth in 13 or 14 domestic divisions," Hazen said. The health system reported profits of $612 million on revenues of $12.7 billion in the third quarter ending Sept. 30.