“We are pleased with our labor environment and that portends good things going through the balance of the year,” CFO Bill Rutherford said on an earnings webcast.
Contract labor as a percentage of salaries, wages and benefits totaled 6.8 percent in the second quarter, Rutherford said. Salaries and benefits were up 7.1 percent over the same period in 2022 to total $7.3 billion.
Professional fees had also weighed on HCA in the second quarter, Mr. Rutherford said.
“We have seen a little pressure on professional fees, but we don’t expect that in the second half of the year,” he said.
HCA also raised both its net income and revenue guidance for 2023.
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