HCA Reports 4.7% Rise in 4-Q Revenue, but Surgeries Fell Slightly

Hospital giant HCA reported fourth-quarter revenue of $7.61 billion, up 4.7 percent over the same period a year earlier, but total surgeries were down by 0.1 percent, according to a release from HCA.

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The privately held operator of 163 hospitals and 105 ASCs reported solid inpatient, outpatient and ED volumes for the quarter, adding that revenues for the 2009 calendar year totaled $30.052 billion, up from $28.374 billion in 2008.

Specifically, HCA reported that during the fourth quarter:
• Same-facility inpatient surgeries declined 0.3 percent and same-facility outpatient surgeries fell 0.1 percent.
• Same-facility equivalent admissions and same-facility admissions increased 2.6 percent and 1.2 percent, respectively, compared with the same period last year.
• Same-facility revenue per equivalent admission increased 1.9 percent. Revenue per equivalent patient day, on a same facility basis, increased 3.3 percent.
• Charity care and uninsured discounts totaled $1.499 billion, compared to $1.007 billion in the fourth quarter of 2008.
• Same-facility emergency department visits increased 9.1 percent compared to the fourth quarter of 2008.

Read the release on HCA fourth-quarter earnings.

 

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