HCA posts $2.6B net gain in 1st 6 months

Nashville, Tenn.-based HCA Healthcare, one of the largest for-profit health systems in the U.S., reported net income of $1.19 billion for the second quarter of 2023, 3.3 percent higher than the same period in 2022 ($1.155 billion), which included $110 million in losses on debt and asset sales.

The 182-hospital system raised its guidance for the year to a net income of up to $5.255 billion from previous estimates of up to $5.16 billion. HCA also raised its revenue guidance to up to $64.75 billion for the year compared with $64.5 billion.

Revenues for the three-month period totaled $15.86 billion compared with $14.8 billion. Expenses were up 7.6 percent to total $14.05 billion with salaries and benefits up to $7.3 billion, an increase of 7.1 percent on the same period in 2022.

Operating income for the period totaled $1.81 billion compared with $1.76 billion in 2022.

For the six months ending June 30, HCA reported revenues of $31.45 billion and net income of $2.556 billion compared with $29.76 billion and $2.43 billion in 2022.

Copyright © 2024 Becker's Healthcare. All Rights Reserved. Privacy Policy. Cookie Policy. Linking and Reprinting Policy.


Featured Whitepapers

Featured Webinars