Outpatient Surgery Up 5% at LifePoint Hospitals in 1Q
Brentwood, Tenn.-based 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.
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