Outpatient Surgery Up 5% at LifePoint Hospitals in 1Q
LifePoint Hospitals recorded profit of $56.1 million in the first quarter of 2012, a 22 percent upsurge from the $46.1 million profit recorded in the first quarter of 2011, and outpatient surgery was a large contributor to the extra earnings.
LifePoint's same-hospital statistics varied across the board, but outpatient surgery held steady. Same-hospital outpatient surgeries jumped 4.9 percent, from 38,905 in the first quarter of 2011 to 40,819 this past quarter. The outpatient factor — which is the sum of gross inpatient revenue and gross outpatient revenue and then dividing the resulting amount by gross inpatient revenue — also increased.
Outpatient surgeries from a continuing operations standpoint increased 9 percent, from 38,905 to 42,421.
Bill Carpenter, president and CEO of the 52-hospital for-profit chain, and the other executives raised LifePoint's outlook for the rest of the year due to the strong first quarter. LifePoint estimates the full-year adjusted EBITDA will be between $565 million and $595 million. Previously, it estimated adjusted EBITDA would be between $540 million and $570 million.
More Articles on Hospital Outpatient Surgery:
© Copyright ASC COMMUNICATIONS 2012. Interested in LINKING to or REPRINTING this content? View our policies by clicking here.
To receive the latest hospital and health system business and legal news and analysis from Becker's Hospital Review, sign-up for the free Becker's Hospital Review E-weekly by clicking here.
- How Physician Thinking Changes After Working in ACOs
- 2014 Financial Impact Analysis Doesn't Stop With CMS' Final Rule: Don't Neglect CMS NCCI Edits
- 4 Drivers of Recent M&A Activity in Healthcare
- 8 Reasons to Outsource Medical Billing Services
- 5 ICD-10 Transition Considerations Medical Practices Have Likely Not Thought About