The for-profit hospital operator posted revenue of $13.98 billion in the first quarter of this year, up 8.7 percent from the same period a year earlier, when revenue totaled $12.86 billion.
HCA said same-hospital admissions declined 4.2 percent year over year. Same-facility emergency room visits were down 18.4 percent while inpatient surgeries declined 5.4 percent. Outpatient surgeries increased 2.3 percent year over year.
“Same facility revenue per equivalent admission increased 16.6 percent in the first quarter of 2021, compared to the first quarter of 2020, due to increases in acuity of patients treated and favorable payer mix,” HCA said in an earnings release.
After factoring in operating expenses and nonoperating items, the company ended the first quarter of this year with net income of $1.4 billion. That’s up from net income of $581 million in the same period a year earlier.
More articles on healthcare finance:
Hospital chain reports late payroll, cash deficiencies
Tenet reports $97M profit in Q1
Hospital adjusted expenses per inpatient day across 50 states
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.
