How CHS, Tenet, HCA and UHS fared in 2019

Major for-profit hospital operators produced mixed financial results in 2019.

1. Franklin, Tenn.-based Community Health Systems reported a net loss of $675 million on revenues of $13.2 billion in 2019. A year earlier, the company recorded a net loss of $788 million on revenues of $14.2 billion. CHS Chairman and CEO Wayne T. Smith said he expects the company's performance to continue to improve in 2020.

2. Nashville, Tenn.-based HCA Healthcare posted revenues of $51.3 billion in 2019, up 10 percent year over year. The company's net income dropped 7 percent to $3.5 billion in 2019. HCA said it expects 2020 revenues of $53.5 billion to $55.5 billion.

3. Dallas-based Tenet Healthcare recorded a net loss of $243 million on revenues of $18.5 billion last year. In 2018, the company reported net income of $108 million on revenues of $18.3 billion. "We closed the year with a very strong fourth quarter and believe our focus on our patients, our physicians and all stakeholders — supported by underlying enhancements to technology, a renewed dedication to customer service and a keen eye on administrative expenses — are driving our growth and positioning us well for 2020 and future years," said Tenet Executive Chairman and CEO Ronald Rittenmeyer.

4. King of Prussia, Pa.-based Universal Health Services reported revenues of $11.4 billion in 2019, up 5.6 percent year over year. Revenues from UHS' acute care services were up 7.7 percent year over year, while revenues from behavioral healthcare services climbed 3.1 percent on a same facility basis. The company's net income totaled $814.9 million last year, up from $779.7 million in 2018.

More articles on healthcare finance:
14 health systems with strong finances
Washington health system apologizes for billing glitch
Patients kept in hospital over coronavirus fears face surprise medical bills

Editor's note: This article was updated March 5 at 9:45 a.m. 

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