Major for-profit hospital operators produced mixed financial results in the second quarter of 2017.
1. Nashville, Tenn.-based HCA Healthcare's revenue increased 4 percent year over year to $10.73 billion in the second quarter of 2017, as weaker-than-expected patient volumes tempered revenue growth. HCA ended the second quarter of this year with net income of $657 million, which was down slightly from $658 million in the same period of 2016.
2. Dallas-based Tenet Healthcare recorded revenues of $4.8 billion in the second quarter of 2017, a 1.4 percent decrease year over year. The company's hospital segment saw a 0.1 percent dip in revenue, which was attributable to a 1.4 percent decrease in adjusted admissions and the company not being able to record revenue under the California Provider Fee Program. Tenet ended the second quarter with a net loss of $56 million, compared to a net loss of $44 million in the same period of the year prior.
3. Franklin, Tenn.-based Community Health Systems recorded revenues of $4.14 billion in the second quarter of this year, down 9.7 percent from revenues of $4.59 billion in the same period of 2016. The drop was attributable, in part, to lower patient volumes. Total admissions were down 10.8 percent in the second quarter of 2017 compared to the same quarter of last year. The company ended the second quarter with a net loss of $137 million. That's compared to the second quarter of 2016, when CHS posted a $1.43 billion net loss.
4. King of Prussia, Pa.-based Universal Health Services' revenues increased from $2.43 billion in the second quarter of 2016 to $2.61 billion in the second quarter of this year. The revenue boost was partially attributable to higher patient volumes. Adjusted admissions were up 6 percent at UHS' acute care hospitals in the second quarter of this year, compared to the same quarter of 2016. UHS ended the second quarter of 2017 with net income of $188.1 million, down from net income of $191.1 million in the same period of the year prior.
5. Brentwood, Tenn.-based LifePoint Health's revenues increased 0.2 percent year over year to $1.59 billion in the second quarter of this year. The slight growth was attributable to an improvement in net revenue per equivalent admission. LifePoint ended the second quarter of 2017 with net income of $46 million, more than double its net income of $20.1 million in the same period of the year prior.
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