Skip to main content

HCA Revenues Up 7.5% in Q1

News  |  By John Commins  
   May 01, 2018

The for-profit hospital chain reports solid growth so far in 2018, with improvements for all key financial and operational metrics.

HCA Healthcare, Inc. today announced its financial and operating results for the first quarter ended March 31.

Key first quarter metrics:

  • Revenues increased 7.5% to $11.4 billion, compared to $10.623 billion in the first quarter of 2017;
     
  • Net income totaled $1.1 billion, or $3.18 per diluted share, compared to $659 million, or $1.74 per diluted share, in the first quarter of 2017;
     
  • Adjusted EBITDA totaled $2.118 billion, compared to $2.005 billion in the first quarter of 2017;
     
  • Cash flows from operations totaled $1.3 billion;
     
  • Same facility equivalent admissions increased 1.8%, while same facility admissions increased 2.2%;
     
  • Same facility ER visits increased 3.5%;

Related: HCA's CEO Earned 312-Times As Much As Median Employee Last Year


  • Same facility revenue per equivalent admission increased 3.9%;
     
  • First quarter 2018 results include $405 million in gains generated by the sale of some Oklahoma hospitals;
     
  • Salaries, benefits, supplies and other operating expenses totaled $9.314 billion, or 81.6% of revenues, compared to $8.628 billion, or 81.2% of revenues, in Q1 of 2017.

Nashville-based HCA operates 178 hospitals and about 1,800 surgery centers, freestanding ERs, urgent care centers, physician offices and other medical facilities in 20 states and the United Kingdom.

John Commins is a content specialist and online news editor for HealthLeaders, a Simplify Compliance brand.


Get the latest on healthcare leadership in your inbox.