UHS sees net income climb nearly 150%

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In the 3 months ended Sept. 30, the medical facility operator recorded an earnings of $241.3 million, up from an earnings of $97.2 million in the exact same period last year..

Throughout the third quarter of 2020, UHS said it tape-recorded $4 million of grant income earnings for its acute care services business, while its behavioral health services reversed about $9 countless previously taped grant revenues..

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King of Prussia, Pa.-based Universal Health Services saw its net income increase nearly 150 percent in the 3rd quarter of 2020, compared to the third quarter of 2019, according to financial documents launched Oct. 29.

The healthcare facility operator stated although some of its health centers and behavioral health centers are located in states that are seeing a revival of COVID-19 cases, “non-COVID-19 client volumes at our healthcare facilities have actually not been as considerably affected in recent months by increases experienced from time-to-time in COVID-19 patient volumes.”.

Alia Paavola –
Thursday, October 29th, 2020

In general, UHS ended the third quarter with an operating income of $349.7 million, a boost of more than $161 million from the very same quarter in 2019..

UHS net profits increased 3.2 percent to $2.9 billion in the 3rd quarter. This compares to $2.8 billion tape-recorded in the 3rd quarter of 2019..