The revenue boost was attributable, in part, to growth in same-facility admissions and emergency room visits, which increased 0.6 percent and 4.1 percent, respectively, year over year. HCA said inpatient and outpatient surgery volumes also increased in the second quarter of 2016.
The for-profit hospital operator’s costs rose 4.6 percent year over year to $8.3 billion in the second quarter of 2016.
HCA ended the second quarter with net income of $658 million, compared to $507 million in the same quarter of the year prior.
More articles on healthcare finance:
43 states earn ‘F’ grade for healthcare price transparency
This week’s 5 must-reads for hospital CFOs
7 hospital bankruptcies so far in 2016
Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit