HCA profit jumps 70% in Q1: 5 key points

Listen
Text
  • Small
  • Medium
  • Large

Nashville, Tenn.-based HCA Holdings reported net income of $591 million in the first quarter of fiscal 2015, up from $347 million a year ago.

Here are five key points from HCA's first-quarter financials.

1. The for-profit hospital operator's revenues increased to nearly $9.7 billion, up 9.5 percent from the first quarter of 2014.

2. On a same-facility basis, admissions at HCA's hospitals increased 5.1 percent in the first quarter of fiscal 2015, and when adjusted for outpatient activity, admissions jumped 6.8 percent.

3. Cash flows from operations totaled $1 billion in the first quarter of fiscal 2015, up from $443 million for the comparable period of the prior year.

4. Based on its strong first-quarter financials, HCA raised its earnings projections for this year. The hospital operator now expects full-year revenue to be in the range of $39 billion to $40 billion, up from its previous forecast of revenue in the range of $38.5 billion to $39.5 billion.

5. HCA said it plans to increase its three-year capital spending plan by $500 million to a total of approximately $7.7 billion.

More articles on healthcare finance:

How to make the hospital revenue cycle more like that of Starbucks and the Ritz
283 rural hospitals vulnerable to closure: 5 things to know
LifePoint profit increases on higher admissions: 5 things to know

Copyright © 2021 Becker's Healthcare. All Rights Reserved. Privacy Policy. Cookie Policy. Linking and Reprinting Policy.

 

Featured Whitepapers

Featured Webinars