Nashville, Tenn.-based Hospital Corporation of America has announced it expects its adjusted EBITDA for 2014 to exceed its previously issued guidance range.
HCA announced its financial results for the third quarter of 2014 in October. At that time, it increased its adjusted EBITDA to a range of $7.25 billion to $7.35 billion for 2014. With strong financial results in the fourth quarter of 2014, HCA now expects its adjusted EBITDA to be approximately $7.4 billion for 2014.
In raising its earning guidance, HCA cited $68 million in fourth quarter revenue from Texas Medicaid due to reversal of the Texas Medicaid Waiver Program.
In addition, HCA's same facility admissions for the fourth quarter of 2014 are expected to reflect a 5 percent increase.
HCA expects to report its financial results for the fourth quarter of 2014 Feb. 3.
More articles on healthcare finance:
Seattle Children's posts strong earnings for FY 2014
From JPMorgan to Harvard, how the 'Cadillac' health plan tax is affecting employees
5 hospital CFOs in the headlines this week