Here are six things to know:
1. The company reported second quarter same-facility outpatient surgeries increased 2.6 percent year over year, while same-facility inpatient surgeries were up 1.5 percent. Freestanding ASC surgeries were up 1.5 percent in the second quarter, according to a Seeking Alpha transcript of the earnings call.
2. Salaries and benefits, supplies and other operating expenses for the second quarter were 80.8 percent of revenue, totaling $9.3 billion. On a same-facility basis, the salary and benefits, supplies and other operating expenses hit $8.5 billion, 77.8 percent of revenue.
3. HCA realized a tax benefit of $121 million on net income attributable to HCA Healthcare, related to the Tax Cuts and Jobs Act.
4. Adjusted EBITDA totaled $2.2 billion for the quarter, up from $2 billion over the same period last year. Net income attributable to HCA was $820 million and cash flow from operations was $1.5 billion.
5. For the six months ended , HCA reported $22.9 billion in revenue and $1.9 billion in net income. The company reported cash and cash equivalents of $868 million for the first half of the year and total debt at $33.2 billion.
6. As of June 30, HCA operated around 1,800 sites of care, including ASCs and freestanding emergency rooms as well as urgent care centers and physician clinics. The company operates 178 hospitals.
More articles on surgery centers:
House passes ASC Payment Transparency Act, earning ASCA praise: 6 things to know
Timeline of 41 ASC industry transactions in 2018
Optum posts $24.7B in revenues & more—7 ASC company key notes
