Healthcare DIVE March 12, 2024
While HCA Healthcare, Tenet Healthcare and Universal Health Services posted net gains by the end of the year, Community Health Systems reported losses.
After posting mixed results during the first three quarters, the majority of the nation’s largest for-profit hospital systems by revenue — HCA Healthcare, Tenet Healthcare and Universal Health Services — closed out fiscal year 2023 with net gains on strong demand for outpatient services and rebounding investments. Community Health Systems, however, reported losses for the year.
Analysts said 2023 was a make-or-break year for the industry, after rising expenses — including costs of salaries and wages — pressured hospitals’ profitability post-pandemic.
Operators continued to report headwinds from external pressures on earnings calls throughout 2023, including rising physician...
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