J.P. Morgan Healthcare Conference: Revenue Shifts to Outpatient
In the past two years, HCA added 900 new beds, and has achieved 22 straight quarters of growth, says Milton Johnson, president and CEO of HCA.
"We've achieved this performance in a tough growth environment," Johnson told investors.
"While we are developing strategies to take full advantage of the newly insured, we are also continuing to build on the strategies that have enabled our strong performance over the past few years," he said. "We see healthcare reform as a net positive for HCA. Some of HCA's most important markets are in states with the highest level of uninsured. This is certainly true in Florida and Texas, which between them represent about 50 percent of HCA's revenue, and when enrollments finally do begin to pick up, we expect to get a lift from reform."
HCA has a good starting point in payer networks as a means to accessing these newly-insured exchange members. "It's worth pointing out that we're just in the first inning with respect to healthcare reform," Johnson says. "No doubt the recent early implementation issues raise the level of uncertainty in the short term, but we remain optimistic that we will see positive impact over the long term."
Scott Mace is senior technology editor at HealthLeaders Media.
- CEO Exchange: Preparing for Population Health
- EHR Systems 'Immature, Costly,' AMA Says
- Advocate, NorthShore Deal Would Create 16-Hospital System
- Better HCAHPS Scores Protect Revenue
- Narrow Networks Cut Costs, Not Quality, Economists Say
- 3 Strategies for Retaining Millennial Employees
- 'Early Offer' Malpractice Programs May Spur Reform
- Power of price: In South FL and the nation, healthcare costs often are shrouded in secrecy
- Hospital mergers may lead to higher prices