HCA's incoming CEO offers his take on the future of the health giant as income jumps in third quarter
October 31, 2018 / Tina Reed
Nashville-based hospital giant HCA Healthcare's shares jumped more than 6% Tuesday after reporting a more than 7% jump in revenue as it released its third-quarter earnings. HCA reported that its revenues increased 7.1% to $11.5 billion in the third quarter ending Sept. 30, compared to $10.7 billion in the same quarter a year earlier. The company's net income attributable to HCA Healthcare totaled $759 million, up from $426 million in the third quarter of 2017. The company reported cash flows from operations totaled $1.7 billion with same-facility and same facility-equivalent admissions increasing more than 3%. They also reported same-facility revenue per equivalent admission rose almost 4%.