How CHS, Tenet, HCA and UHS fared in Q3

Major for-profit hospital operators produced mixed financial results in the third quarter of 2019.

1. Franklin, Tenn.-based Community Health Systems reported revenues of $3.2 billion in the third quarter of 2019, down 5.9 percent from the same period a year earlier. CHS ended the third quarter of this year with a net loss of $17 million, compared to a net loss of $325 million in the third quarter of 2018.

2. Nashville, Tenn.-based HCA Healthcare's revenues increased 10.9 percent year over year to $12.7 billion. The company ended the third quarter of 2019 with net income of $612 million, down 19 percent from $759 million in the same period a year earlier.

3. Dallas-based Tenet Healthcare reported revenues of $4.6 billion in the third quarter of this year, up from $4.5 billion in the same period of the year prior. The company reported a net loss of $233 million in the third quarter of 2019, compared to a net loss of $9 million in the same period a year earlier.

4. King of Prussia, Pa.-based Universal Health Services' revenues increased 6.6 percent year over year to $2.8 billion in the third quarter of 2019. UHS ended the third quarter of this year with net income of $97.2 million, down from $171.2 million in the third quarter of 2018.

More articles on healthcare finance:

Kaiser's net income climbs to $1.2B in Q3
OIG: Hospitals overbilled Medicare $54.4M for patient transfers
Quorum's net loss swells to $76M in Q3 amid revenue cycle troubles

 

 

 

 

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