In his first earnings call as incoming CEO of Nashville, Tenn.-based HCA Healthcare, Sam Hazen discussed the company's performance and explained why the health system will continue to be a fierce competitor in the field under his leadership, the Nashville Business Journal reports.
Here are four takeaways from the report:
1. Mr. Hazen will take the helm of the 179-hospital giant once current CEO and Board Chairman R. Milton Johnson retires Dec. 31.
2. During the third quarter of 2018, HCA reported $11.4 billion in revenue. Mr. Hazen cited several reasons for the company's purported growth next year, including positive trends in the company's markets, a larger market share within those markets and a deep pool of management talent, the report states.
3. Mr. Hazen said the demand for care services in HCA's urban markets is, and the company is poised to take advantage of that need because of its extensive service offerings and size. He said HCA has grown its market share by making capital investments into its facilities and building additional outpatient facilities in suburban areas, all while improving patient outcomes.
4. While industry changes will continue to inform the way the company's operational goals and expectations, Mr. Hazen said he expects HCA's patient volume and earnings to increase next year.
"As we always do at HCA, we will challenge ourselves to find opportunities to increase performance," he said during the earnings call.
To access the full report, click here.