Financial Data and Key Metrics Changes - Diluted earnings per share, as adjusted, increased by 25% to $4.90, including an estimated impact of $0.15 per share from lost revenue and additional expenses due to Hurricane Helene [6][13] - Revenue growth for the quarter was 7.9% compared to the prior year, with adjusted EBITDA margin improving by 90 basis points [14][15] - Cash flow from operations was $3.5 billion, with capital expenditures totaling $1.19 billion and $1.79 billion spent on share repurchases [16][17] Business Line Data and Key Metrics Changes - Inpatient admissions grew by 4.5% year-over-year, with adjusted admissions also increasing by 4.5% [8] - Emergency room visits rose by 4.6%, while inpatient surgeries increased by 1.6% [8] - Outpatient surgery was the only major service category that declined, down by 2%, although revenue in this service line increased by 5% due to acuity and payer mix [8][9] Market Data and Key Metrics Changes - Payer mix improved across service lines, contributing to same facilities revenue growth of 7.1% [9] - Medicare admissions increased by 5%, while Medicaid admissions decreased by 8.5% [42] - Managed care volume excluding exchanges grew just short of 4%, and exchange volume saw a 43% increase [42] Company Strategy and Development Direction - The company plans to add approximately 600 inpatient beds and 100 new outpatient facilities by the end of the year, bringing total sites of care to over 2,600 [9] - The company has around $6 billion in projects under development, aimed at increasing capacity and access to healthcare services [9] - The management emphasized a stable operating environment for 2025, with expectations of volume growth continuing at elevated levels of 3% to 4% [11][36] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the impact of hurricanes on operations but expressed confidence in recovery and future performance [6][13] - The company anticipates additional expenses and loss of revenue of approximately $200 million to $300 million in Q4 2024 due to hurricane-related issues [13] - Management expects earnings growth near or slightly above the upper end of long-term target ranges for both diluted earnings per share and adjusted EBITDA in 2025 [11][36] Other Important Information - The company is focusing on technology and AI investments to improve operational efficiency and clinical outcomes [52][54] - The company has seen a modest benefit from Medicaid Supplemental Payment Programs, projecting a tailwind of $100 million to $200 million in 2024 [35] Q&A Session Summary Question: Clarification on 2025 outlook and volume strength - Management confirmed that ongoing hurricane effects in 2025 are manageable and primarily in North Carolina, with strong volume growth expected [20][21] Question: Claim denial trends and 2 midnight claims - Management noted that denial activities have increased but emphasized successful mitigation strategies, with no material impact from denials in Q3 2024 [24] Question: Pricing assumptions for 2025 - Management indicated early planning for 2025 suggests cash net revenue per adjusted admission growth of 2% to 3% [30] Question: Update on contracting environment with Medicare Advantage plans - Management stated that they are largely contracted across major Medicare Advantage payers and have secured renewals [60] Question: Impact of hurricanes on long-term strategy - Management affirmed that hurricanes do not affect long-term strategy, as facilities have historically recovered and improved performance post-storm [63][64] Question: Outpatient surgical trends and insurance coverage - Management reported that outpatient surgery volume remains down, primarily due to Medicaid and uninsured patients, but profitability has improved [67][69]

HCA Healthcare, Inc. (HCA) reported third-quarter 2024 adjusted earnings per share (EPS) of $5.05, which beat the Zacks Consensus Estimate by 1.6%. The bottom line improved 29.2% year over year. Revenues amounted to $17.5 billion, which improved 7.9% year over year in the quarter under review. However, the top line missed the consensus mark by a whisker. The third-quarter earnings benefited from higher admissions and a higher number of inpatient and same-facility emergency room visits, which contributed sub ...

Key TakeawaysHCA Healthcare reported worse-than-expected results and warned about future performance because of the impact of recent hurricanes.The insurer said Hurricane Helene's effect on its North Carolina operations reduced third-quarter profit and sales.HCA added that Hurricanes Helene and Milton will lower current-quarter results. HCA Healthcare (HCA) reported that recent hurricanes had and will have negative impacts on results, and shares slumped about 10% Friday afternoon. The insurer posted third-q ...

For the quarter ended September 2024, HCA Healthcare (HCA) reported revenue of $17.49 billion, up 7.9% over the same period last year. EPS came in at $5.05, compared to $3.91 in the year-ago quarter. The reported revenue compares to the Zacks Consensus Estimate of $17.49 billion, representing a surprise of -0.04%. The company delivered an EPS surprise of +1.61%, with the consensus EPS estimate being $4.97. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- an ...

HCA Healthcare (HCA) came out with quarterly earnings of $5.05 per share, beating the Zacks Consensus Estimate of $4.97 per share. This compares to earnings of $3.91 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 1.61%. A quarter ago, it was expected that this hospital operator would post earnings of $4.97 per share when it actually produced earnings of $5.50, delivering a surprise of 10.66%. Over the last four quarters, the ...

Exhibit 99.1 | --- | --- | |-------------------|------------------| | | | | INVESTOR CONTACT: | MEDIA CONTACT: | | Frank Morgan | Harlow Sumerford | | 615-344-2688 | 615-344-1851 | HCA HEALTHCARE REPORTS THIRD QUARTER 2024 RESULTS Nashville, Tenn., October 25, 2024 – HCA Healthcare, Inc. (NYSE: HCA) today announced financial and operating results for the third quarter ended September 30, 2024. Key third quarter metrics (all percentage changes compare 3Q 2024 to 3Q 2023 unless otherwise noted): • Revenues to ...

MOUNTAIN VIEW, Calif., Oct. 23, 2024 (GLOBE NEWSWIRE) -- Commure has been selected by HCA Healthcare, Inc., one of the nation’s leading providers of healthcare services, as the exclusive partner to develop and deploy an ambient AI platform across its network of healthcare professionals. This partnership, following Commure’s acquisition of ambient AI pioneer Augmedix, marks a significant step forward in efforts to integrate AI into healthcare and transform the way patient visits are conducted and documented ...

HCA Healthcare, Inc. (HCA) is scheduled to report third-quarter 2024 results on Oct. 25, before the opening bell. The Zacks Consensus Estimate for third-quarter earnings per share of $4.97 indicates a 27.1% increase from the prior-year figure of $3.91.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.The earnings estimate has witnessed upward revisions over the past 60 days. The consensus estimate for third-quarter revenues of $17.5 billion indicates 7.9% growth from the year-ago repo ...

Wall Street analysts forecast that HCA Healthcare (HCA) will report quarterly earnings of $4.97 per share in its upcoming release, pointing to a year-over-year increase of 27.1%. It is anticipated that revenues will amount to $17.49 billion, exhibiting an increase of 7.9% compared to the year-ago quarter.The consensus EPS estimate for the quarter has undergone a downward revision of 0.3% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reasse ...

Michael (Mike) Dion is an FP&A, Corporate Finance, and Small Business expert who spent the last 12 years working in the Fortune 100, building a startup's finance and accounting department, advising small businesses, and guiding non-profit organizations as a board member. He has finance experience across multiple industries, including Telecom, Media and Entertainment, Hospitality, and Construction. He founded F9 Finance, a website that helps Finance professionals accelerate their careers; and simplifies Fina ...