Nashville, Tenn.-based Hospital Corporation of America, the largest for-profit hospital operator in the country, announced preliminary financial and operating results for the first quarter ended March 31, 2012, and the company expects revenue could be between $8.38 billion and $8.43 billion.
These projections would be roughly 14 percent higher than HCA's first quarter revenue from 2011, which totaled $7.41 billion.
HCA expects adjusted EBITDA for the first quarter of 2012 will be approximately $1.795 billion to $1.845 billion compared with $1.59 billion in the first quarter of 2011. Same-facility admissions have risen an estimated 3.2 percent compared with the same period last year.
The first quarter results will also factor in two separate adjustments related to Medicare revenues from previous years, with the net effect expected to be an increase of $188 million in total revenue. A settlement related to the Balanced Budget Act of 1997's rural floor wage index will add $271 million to HCA's revenue, while retroactive adjustments from CMS on Supplemental Security Income ratios used for calculating Medicare Disproportionate Share Hospital payments will reduce revenue by roughly $83 million.
HCA plans to report complete first quarter financials May 3.
These projections would be roughly 14 percent higher than HCA's first quarter revenue from 2011, which totaled $7.41 billion.
HCA expects adjusted EBITDA for the first quarter of 2012 will be approximately $1.795 billion to $1.845 billion compared with $1.59 billion in the first quarter of 2011. Same-facility admissions have risen an estimated 3.2 percent compared with the same period last year.
The first quarter results will also factor in two separate adjustments related to Medicare revenues from previous years, with the net effect expected to be an increase of $188 million in total revenue. A settlement related to the Balanced Budget Act of 1997's rural floor wage index will add $271 million to HCA's revenue, while retroactive adjustments from CMS on Supplemental Security Income ratios used for calculating Medicare Disproportionate Share Hospital payments will reduce revenue by roughly $83 million.
HCA plans to report complete first quarter financials May 3.
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