The financial boost was largely attributable to patient volume growth. HCA said inpatient admissions and emergency department visits increased in the first quarter, rising 1.8 percent and 7.6 percent, respectively.
The hospital operator also reported a jump in inpatient and outpatient surgery cases. There was particularly strong growth in cardiovascular and orthopedic procedures, Sam Hazen, COO of HCA, said on an earnings call.
HCA ended the first quarter with net income of $694 million, up 17.4 percent from $591 million in the same period of 2015.
More articles on healthcare finance:
Weak flu season, lawsuits take toll on LifePoint’s bottom line
2 South Dakota hospitals ink agreement with CMS to keep Medicare status
Partners HealthCare’s math errors could cause 2,000 hospital layoffs statewide
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.