UHS, which operates 21 acute-care hospitals and 175 behavioral health facilities, was one of several for-profit hospital companies that received money as part of an industry-wide settlement with HHS and CMS. UHS received $36 million from the settlement, which was made with roughly 2,200 hospitals that were underpaid from the Medicare inpatient prospective payment system from 1999 to 2011. In total, the settlement impacted UHS’ pre-tax consolidated financial results by $30.2 million during the first quarter of 2012.
Net revenue ticked upward 3.9 percent, from $1.76 billion in the first quarter last year to $1.83 billion, and operating expenses were also slightly up across the board from last year.
In the first quarter of 2012, UHS also reported a 0.8 percent increase in same-facility revenue for its acute-care hospitals. Same-facility adjusted admissions at acute-care hospitals also increased 1.6 percent, although occupancy fell 5.1 percent.
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