In the three months ended Sept. 30, the hospital operator recorded a profit of $241.3 million, up from a profit of $97.2 million in the same period last year.
UHS’ net revenue increased 3.2 percent to $2.9 billion in the third quarter. This compares to $2.8 billion recorded in the third quarter of 2019.
Overall, UHS ended the third quarter with an operating income of $349.7 million, an increase of more than $161 million from the same quarter in 2019.
The hospital operator said although some of its hospitals and behavioral health facilities are located in states that are seeing a resurgence of COVID-19 cases, “non-COVID-19 patient volumes at our hospitals have not been as dramatically impacted in recent months by increases experienced from time-to-time in COVID-19 patient volumes.”
During the third quarter of 2020, UHS said it recorded $4 million of grant income revenues for its acute care services business, while its behavioral health services reversed about $9 million of previously recorded grant revenues.
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