Rising levels of uninsured and charity care cases put a damper on HCA's first -quarter results released this morning.
Total revenue climbed 6.7 percent to $7.1 billion. Same-facility admissions and revenue were up as well.
But same-facility charity and uninsured discounts jumped by nearly 20 percent from last year to $799 million. Likewise, the company’s provision for doubtful accounts increased to $888 million from $691 million a year ago.
As such, the hospital giant’s net income dropped falling to $170 million, down from $180 million in the same period of last year.
The company's announcement and full results are available here.
HCA Inc. |
Hospital management: general acute-care |
Healthcare
You must be logged in to comment. If you do not have an account, you can join our esteemed subscribers.