The company’s revenues reached $7.7 billion, an increase of 1.7 percent from the same quarter in 2009. Net income attributable to HCA totaled $286 million, and adjusted EBITDA increased 7.8 percent to $1.5 billion, a 100 basis point improvement in margin to 18.7 percent. Cash revenue per equivalent admission increased 1.3 percent, and cash flows from operations increased $156 million to $588 million.
The improved financial results reflect improvements in operation efficiencies and volume increases, according to the company.
Same facility equivalent admissions increased 2.3 percent compared to the year prior, but surgeries on a same facility basis declined 0.3 percent.
For the year ended Dec. 31, 2010, revenues totaled $30.7 billion, up only slightly from $30.1 billion in 2009. Net income for 2010 was $1.2 billion, up 14.5 percent over 2009.
Read the release on HCA’s earnings (pdf).
Read more coverage on HCA:
– HCA to Acquire Miami’s Mercy Hospital
