The four HCA hospitals in the Houston area allegedly secured free or heavily discounted patient ambulance services in exchange for their Medicare and Medicaid transport business.
Big hospital chains like HCA and Tenet expect to see a dent in their third-quarter earnings thanks to hurricanes and soft admissions. While hurricane damage may be a short-term issue, sinking admissions are here to stay industrywide.
Three of the nation's largest hospital chains—HCA, LifePoint Health and Universal Health Services—had each posted 1% gains in share prices Wednesday afternoon.
HCA is large enough to buy Tenet Healthcare. But antitrust regulators are likely to cast a wary eye toward HCA combining its 14 hospitals in South Florida with Tenet's 10 hospitals there.
Hospital stocks were pressured Wednesday by the potential impacts of fast-moving Hurricane Irma and Senate legislation to replace Obamacare.
Patients avoiding elective surgeries and other procedures because of skyrocketing out-of-pocket costs were cited by hospital chains as a primary cause of softening hospital volumes in the second quarter.
In a rational political environment, there's a strong argument for tax reform—the next item on President Donald Trump's agenda. But we don't live in such an environment. Cutting taxes when the economy is near full employment will do nothing more than blow a massive hole in the federal budget.
HCA posted flat earnings in its second quarter as growth in admissions and emergency room visits slowed to a meager 1% at the nation's largest hospital chain.
HCA Healthcare will acquire Weatherford Regional Medical Center from Community Health Systems, the providers announced Tuesday. The deal is part of CHS' ongoing effort to reduce a hefty debt load.
Nashville-based HCA is offering new debt to help fund previously announced acquisitions, including its $725 million buyout of three Tenet Healthcare Corp. hospitals in Houston.
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.