HCA, the nation’s largest for-profit hospital operator, also topped expected revenue, reporting a 7.2 percent increase year-over-year to $9.90 billion. Analysts forecasted $9.82 billion, according to Reuters.
Excluding debt-retirement losses, losses on sales of facilities and legal claim costs, the company reported steady $1.37 per-share profits over Q2 last year. Reuters reported analysts on average estimated a profit of $1.34 per share.
These results are the product of increased same-facility admissions and same-facility emergency room visits, which saw a 4.1 percent and 7.4 percent boost, respectively, this quarter.
The for-profit operator also reported a $125 million loss on retirement of debt, down from a $226 million loss in 2014, and $5 million in losses from sales on facilities. In Q2 2014, HCA reported a $11 million gain from sales on facilities.
For the six months ended June 30, HCA reported an 8.4 percent increase in revenues to $19.57 billion and a 32 percent increase in net income to nearly $1.1 billion.
More articles on finance:
10 states where most hospitals face Medicare readmission penalties
CFOs believe healthcare costs are biggest threat to earnings, survey finds
OIG: Providers banned from Medicaid still received $7.4M in payments
Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit
