UHS CFO Says Acute-Care Performance 'Muted'

Universal Health Services' CFO Steve Filton told attendees at a UBS healthcare conference that acute-care performance for the hospital operator remains "muted," according to a Wall Street Journal report.

The company, which also operates mental-health facilities and recently acquired Psychiatric Solutions, is experiencing strong performance in that sector, said Mr. Filton.

According to Mr. Filton, at UHS' acute-care facilities, volumes have softened and admissions of commercially insured patients has declined, driven by high unemployment and decreased demand for elective care.

UHS had hoped for same-facility revenue growth of 3-3.5 percent during 2010, but "probably finished 2010 with same-facility growth of 2.5 percent," according to the report.

Read the WSJ report on Universal Health Services.

Read more coverage on Universal Health Services:

- Universal Health Sees 2.2% Net Revenue Increase for Q3

-
Universal Health Services Acute-Care Division President Michael Marquez Resigns

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