King of Prussia, Pa.-based Universal Health Services saw revenues increase in the fourth quarter of 2017, and ended the period with higher net income than in the same quarter of 2016.
Here are four things to know about UHS' financial results.
1. UHS said revenues climbed 6.7 percent year over year to $2.6 billion in the fourth quarter of 2017.
2. The revenue increase was partially attributable to patient volume growth. On a same-facility basis, admissions when adjusted for outpatient activity were up 7.3 percent compared to the same period of 2016. On the behavioral health side, adjusted admissions increased 2.5 percent year over year.
3. UHS saw expenses rise to $2.3 billion in the fourth quarter of 2017, up from $2.2 billion in the same period of the year prior.
4. UHS ended the fourth quarter of 2017 with net income of $219.6 million, up from $174.2 million in the same period of 2016.
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