HCA records $668M profit in Q3

The businesss outcomes for the third quarter of this year consisted of the reversal of $822 million in government grants tape-recorded in the 2nd quarter. HCA is returning $1.6 billion in supplier relief grants it got under the Coronavirus Aid, Relief and Economic Security Act..

After factoring in operating costs and nonoperating items, the company ended the 3rd quarter of this year with earnings of $668 million. Thats up from net income of $612 million in the same period in 2015..

HCA published profits of $13.3 billion in the third quarter of this year, up 4.9 percent from the very same period a year earlier, when revenue amounted to $12.7 billion..

In the first nine months of this year, HCA reported net earnings of $2.3 billion on revenue of $37.2 billion. The company published net income of $2.4 billion on earnings of $37.8 billion in the very first 9 months of 2019..

The business stated same-hospital admissions declined 3.8 percent year over year. Same-facility emergency clinic check outs were down 20.3 percent, while inpatient surgical treatments and outpatient surgical treatments each decreased more than 6 percent..

HCA Health Care, a 187-hospital system based in Nashville, Tenn., stated its revenue and earnings increased in the third quarter of this year, which ended Sept. 30..

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