Nashville, Tenn.-based HCA Healthcare reports that outpatient care continues to make up a growing share of its business, according to second-quarter financial results released July 25.
Here are five things to know:
1. In the second quarter of 2025, HCA expanded its network of freestanding ASCs to 124, up from 123 in the same period last year.
2. Outpatient revenue represented 38.4% of total patient revenue, a slight increase from 38.2% in the second quarter of 2024.
3. Surgical volumes declined modestly year over year. Same-facility inpatient surgeries decreased by 0.3%, while same-facility outpatient surgeries dipped 0.6%.
4. HCA reported a net income of $1.7 billion for the quarter, representing an 8.9% margin. This marks an increase from $1.5 billion and an 8.4% margin in the same quarter last year.
5. Reflecting stronger-than-expected performance, HCA raised its 2025 financial guidance. The company now projects annual revenue between $74 billion and $76 billion, up from its previous estimate of $72.8 billion to $75.8 billion. Net income is now expected to fall between $6.11 billion and $6.48 billion, compared to the earlier projection of $5.85 billion to $6.29 billion.
