HCA expects Q1 revenue to hit $10.6B: 5 things to know
HCA anticipates first quarter revenue will hit $10.6 billion, up slightly from the same period last year.
Here are five things to know:
1. The company estimates first quarter revenue will be $10.6 billion, up from $10.2 billion reported for the first quarter of 2016. Net income is estimated at around $659 million, down from $694 million over the first quarter last year.
2. HCA's adjusted EBITDA for the first quarter will likely reach around $2.005 billion, compared with $2.003 billion for the first quarter of 2016.
3. Same facility admissions reportedly increased 1.2 percent in the first quarter; last year the first quarter saw 1.6 percent increase in same facility admissions. The company's same facility growth for emergency room visits was 1.1 percent.
4. Same facility managed care/health exchange admissions comprised 27.4 percent of all admissions in the first quarter. Same facility Medicare admissions comprised 48.1 percent of all admissions in the first quarter. Changes in payer mix and one fewer days in the first quarter of 2017 than 2016 drove the first quarter results.
5. The same facility revenue per equivalent admission is expected to increase 1.7 percent over the first quarter of last year.
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