Triad Hospitals, Plano, Texas, said same-facility admissions declined 1.4% and same-facility adjusted admissions dropped 2% in the third quarter ended Sept. 30 because of two hurricanes that hit the Gulf Coast region. Inpatient and outpatient surgery volumes were slightly weaker compared with the year-ago quarter, while outpatient visits, excluding surgeries, were up 0.5%. Blue Cross and Blue Shield of Alabama reclassified some admissions as observation visits, which shifted some cases from inpatient to outpatient, Triad said. HCA announced earlier this month that its patient volume was lower for the third quarter; the company will announce full quarterly results Tuesday.
Triad earned $46.3 million, or 54 cents per share, in the third quarter, including a loss of $8.3 million on discontinued operations. That compared with $49.2 million, or 65 cents per share, in the year-ago quarter, including a $6 million gain on discontinued operations. Revenue was up 9.6% to $1.19 billion. For the nine months, Triad earned $171.4 million, or $2.12 per share, compared with $141.8 million, or $1.89 per share, in the year-ago period. Revenue was up 9.6% to $3.56 billion. Excluding four hospitals held for sale, Triad has 49 hospitals and 10 ambulatory surgery centers in 15 states. -- by Vince Galloro