HCA Holdings has warned that first-quarter hospital earnings may be a bit of a downer. The bellwether system Monday previewed a decline in net income for its first quarter and flat EBITDA.
Milton Johnson, CEO of HCA Holdings, earned $21.3 million in compensation in 2016, an increase of $3.5 million over the $17.8 million reported in 2015. President Sam Hazen was HCA's next highest-paid executive, receiving $8.8 million in 2016 compared to $7 million in 2015.
HCA Holdings is expecting to report $4.5 billion in income before taxes for 2016, a 13.7% increase from the previous year. The Nashville-based system also expects to report a 1.6% increase in same-facility admissions for the fourth quarter of 2016 compared to the same period in the previous year.
When Republicans attempt to repeal and replace the ACA, they may have to change course on repeal if they want insurers on board with replace.
Hospitals and physicians are having a hard time grasping how the Affordable Care Act can be repealed by the Trump administration without a plan to replace or continue coverage for the nearly 20 million Americans who are now insured on the exchanges or through Medicaid expansions in 32 states.
The U.S. Justice Department urged a North Carolina federal judge to take a closer look at Carolinas HealthCare System's steering provisions in insurer contracts and to ignore the health system's pleas for a quick escape from the government's lawsuit.
In a preview of results to be announced Nov. 1, Community Health Systems reported a loss from continuing operations of $83 million.
Jay Grinney will retire from HealthSouth Dec. 31 after 12 years as president and CEO of the company. Chief Operating Officer Mark Tarr will succeed Grinney at the publicly traded company, which has expanded rapidly in recent years and now operates post-acute facilities and services in 34 states.
Hospitals over the past year have seen rising labor costs, pressures to invest to prepare for value-based reimbursement and a flattening of volumes from the Affordable Care Act exchanges. As third-quarter earnings season hits full stride this week, early results have been decidedly mixed.
Hurricane Matthew couldn't dampen HCA's earnings momentum. In the third quarter, the chain posted net income of $618 million, or $1.59 per share, compared with net income of $449 million, or $1.05, in the year-earlier quarter.
HCA will receive $750 million to transfer ownership of OU Medicine. SSM Health will partner with OU and the University Hospitals Authority and Trust to create a healthcare network.
Building patient self-efficacy among patients to change unhealthy behaviors into new good habits—like reducing salt intake or tracking your weight daily—is one low-cost, high-return way to continue to make progress. And it benefits both the patient and the hospital.