All four of the nation's most prominent for-profit health systems have now reported third-quarter financial results. Here is a summary of some key numbers for Franklin, Tenn.-based Community Health Systems, Nashville, Tenn.-based HCA Healthcare, Dallas-based Tenet Healthcare and King of Prussia, Pa.-based Universal Health Services:
- CHS reported a net loss of $91 million for the third quarter on revenue of $3.09 billion compared with a net loss of $42 million on revenue of $3.02 billion in the same period in 2022.
- HCA reported net income of $1.08 billion on revenue of $16.2 billion compared with net income of $1.13 billion on revenue of $14.97 million in the same period in 2022.
- Tenet Healthcare reported net income of $101 million on revenue of $5.1 billion to compare with net income of $131 million on revenue of $4.8 billion in the same period in 2022.
- UHS reported net income of $167 million on revenues of $3.6 billion for the period, comparing with net income of $182.8 million on revenues of $3.3 billion.
Expenses
- CHS reported salaries and benefits totaling $1.34 billion in the third quarter, or 43.4% of operating revenues. That compares with $1.35 billion, or 44.7% of revenues, in 2022.
- HCA said salaries and benefits totaled $7.6 billion, or 46.6% of revenues, compared with $6.9 billion and 46.1% of revenues in 2022.
- Tenet said salaries, wages and benefits totaled $2.3 billion in the third quarter compared with $2.2 billion in the same period in 2022.
- UHS said salaries, wages and benefits totaling $1.8 billion increased 6.4% in the period.