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Tuesday, October 22, 2019
Home News Hospital Administrator Health Systems Earned $1 Billion in 2019's Second Quarter: Report

Health Systems Earned $1 Billion in 2019’s Second Quarter: Report

The nation’s largest heath systems reported a more successful second quarter in 2019 than in 2018, earning a total profit of almost $1 billion.

According to a recent FierceHealthcare report, the most profitable system was HCA Healthcare, which took home $783 million from a revenue of $25.6 billion. During its second quarter, it saw 518,000 admissions between April and June, a 4 percent increase from 2018’s 495,000.

RELATED: April was Large Hospitals’ Most Profitable Month Since Mid-2018: Report

Another major player, Tenet, reported $4.6 billion in revenue for its second quarter, $100 million greater than Q2 in 2018. Admission rates increased by 2.2 percent and revenue per admission by 3.4 percent.

Universal Health Services pocketed $238.3 million based on its revenue of $2.9 billion, a 25 percent improvement based on the same period in 2018. Admissions at acute care hospitals and revenue per admission grew by 5 percent and 3.5 percent respectively (compared to 2018’s second quarter).

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Overall, FierceHealthcare notes that admissions for many large systems either grew or stayed the same compared to the same period last year. But many hospitals are experiencing falling admission rates over the course of 2019.

References:

Here’s a look at health systems’ financial performance in 2019 so far, FierceHealthcare.

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