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July 25, 2015 01:00 AM

Will hospital firms top last year's strong second-quarter earnings?

Beth Kutscher
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    Publicly traded hospital companies this week will face a high bar to beat last year's results when they report second-quarter earnings. It was in the second quarter of 2014 when chains began to see the financial benefits from insurance expansion under the Affordable Care Act, an uplift that continued the rest of the year.

    Universal Health Services will report its second-quarter results Thursday and LifePoint Health will follow on Friday.

    Investors will be watching to see whether the chains can keep up last year's momentum. Healthcare reform has sent the national uninsured rate to historic lows, but that number is expected to level off and become the new normal.

    Yet if HCA's earnings preview this month is any indication, demand for healthcare services has not slowed. While HCA typically has the strongest volumes among its peers, it expects to report a robust 4.1% increase in same-hospital admissions, or 4.9% when adjusted for outpatient activity.

    Pre-tax income rose 8.8%, while second-quarter revenue increased 7.2% year over year.

    HCA will host an earnings call for investors on Aug. 5.

    ACA coverage expansion isn't the only factor driving increased patient volume. Hospitals are seeing the benefit of an improving economy, and chains in particular have been more strategic about expanding in profitable markets and service lines.

    “We had some strategies in advance of the ACA that have really shown to be very effective,” said Trevor Fetter, CEO of Tenet Healthcare Corp. The Dallas-based chain will release its results after market close on Aug. 3. Community Health Systems will follow that same day.

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      • Digital Edition (Web Version)
    • Opinion
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      • Vital Signs Blog
      • From the Editor
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        • Nominate/Eligibility
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        • 50 Most Influential Clinical Executives
        • Best Places to Work in Healthcare
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        • Healthcare Marketing Impact Awards
        • Top 25 Emerging Leaders
        • Top Innovators
        • Diversity in Healthcare
          • - Luminaries
          • - Top 25 Diversity Leaders
          • - Leaders to Watch
        • Women in Healthcare
          • - Luminaries
          • - Top 25 Women Leaders
          • - Women to Watch
      • Conferences
        • Digital Health Transformation Summit
        • ESG: The Implementation Imperative Summit
        • Leadership Symposium
        • Social Determinants of Health Symposium
        • Women Leaders in Healthcare Conference
      • Galas
        • Best Places to Work Awards Gala
        • Health Care Hall of Fame Gala
        • Top 25 Diversity Leaders Gala
        • Top 25 Women Leaders Gala
      • Virtual Briefings
        • - Hospital of the Future
        • - Value Based Care
        • - Hospital at Home
        • - Workplace of the Future
        • - Digital Health
        • - Future of Staffing
        • - Hospital of the Future (Fall)
      • Webinars
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      • Podcast - Beyond the Byline
      • Sponsored Podcast - Healthcare Insider
      • Video Series - The Check Up
      • Sponsored Video Series - One on One
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