1. Franklin, Tenn.-based Community Health Systems ended the first quarter of 2021 with a net loss of $64 million on revenues of $3.01 billion. This compares to a net income of $18 million on revenues of $3.03 billion in the same period a year earlier. The health system partially attributed the loss to a 7.2 percent decrease in adjusted admissions compared to the same period in 2020.
2. HCA Healthcare, a 186-hospital system based in Nashville, Tenn., 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. 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.
3. Dallas-based Tenet Healthcare ended the first quarter of 2021 with revenue of $4.78 billion, up from $4.52 billion in the same period a year earlier. The company ended the first quarter with net income of $97 million, compared to the net income of $94 million it recorded in the same period a year earlier.
4. King of Prussia, Pa.-based Universal Health Services posted revenue of $3 billion in the first quarter ended March 31, up 6.5 percent from the same period one year earlier, when revenue totaled $2.8 billion. After factoring in expenses and nonoperating losses, UHS ended the first quarter of 2021 with a net income of $209.1 million, up from $142 million recorded in the first quarter of 2020.
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.
