Below are 32 things to know about four of the major for-profit hospital operators: Community Health Systems, HCA Healthcare, Tenet Healthcare and Universal Health Services.
Community Health Systems
Headquarters: Franklin, Tenn.
CEO: Wayne T. Smith
Number of acute care hospitals: 99
Number of employees: 87,000
2018 revenue: $14.16 billion
2018 profit or loss: $788 million net loss
Revenue for first 9 months of 2019: $9.9 billion
Profit or loss for first 9 months of 2019: $302 million net loss
HCA Healthcare
Headquarters: Nashville, Tenn.
CEO: Samuel N. Hazen
Number of acute care hospitals: 184
Number of employees: 270,000
2018 revenue: $46.7 billion
2018 profit or loss: $3.8 billion profit
Revenue for first 9 months of 2019: $37.8 billion
Profit or loss for first 9 months of 2019: $2.4 billion profit
Tenet Healthcare
Headquarters: Dallas
CEO: Ronald A. Rittenmeyer
Number of acute care hospitals: 65
Number of employees: 110,000
2018 revenue: $18.3 billion
2018 profit or loss: $111 million profit
Revenue for first 9 months of 2019: $13.7 billion
Profit or loss for first 9 months of 2019: $245 million net loss
Universal Health Services
Headquarters: King of Prussia, Pa.
CEO: Alan B. Miller
Number of acute care hospitals: 26
Number of employees: 87,000
2018 revenue: $10.8 billion
2018 profit or loss: $779.7 million profit
Revenue for first 9 months of 2019: $8.5 billion
Profit or loss for first 9 months of 2019: $569.7 million profit
More articles on healthcare finance:
Why ‘lien doctors’ skip billing insurance and risk not getting paid
5 startups changing the way physicians get paid
Hospital groups sue HHS, seek to block site-neutral pay cuts
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.