HCA Healthcare revenues hit $12.7B with 2.6% increase in outpatient surgeries — 6 things to know

Nashville, Tenn.-based HCA Healthcare reported revenues of nearly $12.7 billion in the third quarter of 2019, a year-over-year increase of about $11.5 billion. 

Six things to know:

1. As of Sept. 30, HCA operated 184 hospitals and 125 freestanding outpatient surgery centers.

2. HCA reported 235,853 same-facility outpatient surgeries in the third quarter, a year-over-year increase of 2.6 percent. Inpatient surgery cases increased 2.2 percent year over year, from 132,509 to 135,379.

3. Same-facility equivalent admissions and same-facility admissions rose 4.2 percent and 3.2 percent, respectively. Same-facility revenue per equivalent admission increased 2 percent year over year.

4. HCA logged 143,215 inpatient surgery cases in the third quarter, up 4.4 percent year over year. Outpatient surgery cases were up 5.2 percent, at 249,177. The company's outpatient revenues accounted for 39 percent of patient revenues.

5. Revenues for the nine months ended Sept. 30 hit $37.8 billion, up from $34.4 billion in last year's third quarter. During that period, gains on sales of facilities amounted to $420 million, and losses on retirement of debt reached $9 million.

6. The company revised its 2019 guidance range, which includes the estimated financial impact of its February acquisition of Asheville, N.C.-based Mission Health. HCA now expects revenues of $50.5 billion to $51.5 billion, and approximately $3.8 billion in capital expenditures for the year.

Click here for complete financial results. 

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