HCA Healthcare, Tenet Healthcare, Universal Health Services and Community Health Systems represent hundreds of hospitals and all recently released third quarter earnings. HCA actually decreased salary and benefits expenses year over year, while Tenet and CHS reported slight increases.
UHS reported the biggest jump in salary and benefits expenses for the quarter so far, with other health systems planning to release quarterly earnings in the coming weeks.
Here is the breakdown of third quarter spend on salary, wages and benefits compared to the same period last year:
1. HCA Healthcare (Nashville, Tenn.): $6.9 billion (2.7 percent decrease)
2. Tenet Healthcare (Dallas): $2.2 billion (1 percent increase)
3. UHS (King of Prussia, Pa.): $1.7 billion (7.8 percent increase)
4. CHS (Franklin, Tenn.): $1.3 billion (1.2 percent increase)
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.