USPI revenue jumps 16.7%: 6 notes

Dallas-based United Surgical Partners International, Tenet Healthcare's ASC chain, hit $941 million in third-quarter operating revenue, an increase from $806 million the year prior, according to financial results released Oct. 30. 

Six notes: 

1. The 16.7% growth in net operating revenue is attributed to surgical case growth, acquisitions, opening of de novo facilities, service line growth and improved pricing yield, according to the report. 

2. USPI saw a 4.1% increase in same-facility systemwide surgical cases in the third quarter, compared to the year prior.

3. USPI's adjusted earnings before interest, taxes, depreciation and amortization for the third quarter hit $370 million, up from $319 million in the third quarter of 2022. 

4. For the nine months ending Sept. 30, USPI hit $2.8 billion in revenue, compared to $2.3 billion for the same period last year. 

5. USPI's surgical business net patient service revenues increased 7.9% in third quarter 2023 compared to third quarter 2022.

6. USPI now has interests in 457 ASCs, 316 of which are consolidated, and 24 surgical hospitals, eight of which are consolidated, in 35 states.

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