Major for-profit hospital operators produced mixed financial results in the first quarter of 2018.
1. Nashville, Tenn.-based HCA Healthcare, which operates 178 hospitals, saw revenues increase 7.5 percent year over year to $11.4 billion in the first quarter of 2018. The revenue growth was partially attributable to higher patient volumes. HCA ended the first quarter of this year with net income of $1.1 billion, up 73.6 percent from $659 million in the first quarter of 2017.
2. Dallas-based Tenet Healthcare recorded revenues of $4.7 billion in the first quarter of 2018, down slightly from $4.8 billion in the same period of the year prior. The 69-hospital system reported net income of $99 million, which surpassed the company's expectations and was up significantly from a net loss of $53 million in the same period a year earlier.
3. Franklin, Tenn.-based Community Health Systems, which operates 127 hospitals, saw revenues dip 17.8 percent year over year to $3.7 billion in the first quarter of 2018. The decline was largely attributable to CHS operating 28 fewer hospitals in the first quarter of 2018 than in the same period of 2017. CHS ended the first quarter of this year with a net loss of $25 million, compared to a net loss of $199 million in the first quarter of 2017.
4. King of Prussia, Pa.-based Universal Health Services, which operates 350 acute care hospitals, behavioral health facilities and ambulatory centers, saw revenues jump 2.9 percent year over year to $2.7 billion in the first quarter of this year. The revenue growth was partially attributable to increased patient admissions. UHS reported net income of $223.8 million in the first quarter of 2018, compared to $206.1 million in the same period a year earlier.
5. Brentwood, Tenn.-based LifePoint Health, which operates 71 hospital campuses, recorded revenues of $1.6 billion in the first quarter of 2018, down slightly from $1.63 billion in the same period a year earlier. The decline was due in part to LifePoint operating one less hospital in the first quarter of 2018 than in the same period of 2017. LifePoint ended the first quarter of this year with a net loss of $8.8 million, compared to net income of $59.9 million in the same period of 2017.
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