Financial Data and Key Metrics Changes - The company reported adjusted net income attributable to UHS of $5.69 per share, a 53% increase from Q3 2024 [5][12] - Revenue growth for Q3 2025 was 13.4% year over year [5] - The midpoint of 2025 adjusted EPS guidance was increased by 6% to $21.80 per diluted share from $20.50 [7] Business Line Data and Key Metrics Changes - In the acute care segment, same facility adjusted admissions increased by 2.0% year over year, with net revenues increasing by 12.8% [13][14] - Behavioral health segment same-facility net revenues increased by 9.3% on a reported basis, driven by a 7.9% increase in revenue per adjusted patient day [15][16] Market Data and Key Metrics Changes - The company recognized approximately $90 million of net benefit from the District of Columbia Supplemental Medicaid Program during Q3 2025, with $73 million recognized in acute care results [12][13] - The percentage of total adjusted admissions from exchange patients was in the 6 to 6.5% range, with an increase noted [24] Company Strategy and Development Direction - The company is focusing on expanding its outpatient services, operating 45 outpatient access points and planning to open 10 step-in programs this year [9][10] - The next de novo acute care hospital opening is scheduled for spring 2026 in Palm Beach Gardens, Florida, with significant community interest [8] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the long-term outlook for Cedar Hill Regional Medical Center, expecting it to break even in Q4 2025 and improve in 2026 [7][40] - The company anticipates further volume improvements in the behavioral health segment, targeting 2% to 3% growth in adjusted patient days [16][61] Other Important Information - The company spent $734 million on capital expenditures in the first nine months of 2025, with a significant portion related to new hospital projects [17] - The board authorized a new $1.5 billion increase to the stock repurchase program, bringing the total authorization to $1.759 billion [17] Q&A Session Summary Question: Update on pending Medicaid approvals in Florida and Nevada - Management indicated that Florida's pending plan could result in about a $47 million annual benefit, while Nevada's could add approximately $30 million, pending CMS approval [23] Question: 2025 guidance breakdown - The guidance increase was attributed to $140 million of increased DPP, with $90 million recorded in Q3 and $25 million expected in Q4, offset by malpractice and legal settlement costs [29][30] Question: Behavioral health business and state budget impacts - Management noted that while managed care players are aggressive in utilization management, they have not seen significant changes in payer behavior, and state budget cuts have not materially affected their operations [33][34] Question: Performance of West Henderson Hospital - West Henderson Hospital has been performing well, contributing positively to EBITDA since opening, though it has slightly impacted same-store adjusted admissions [38] Question: Trends in outpatient surgical initiatives - Outpatient surgical trends improved slightly over the prior year, with case mix up slightly, indicating a return to more normal levels [44][46] Question: Future margin trends - Management expressed confidence in achieving sustainable margins, with expectations for continued growth in both acute and behavioral segments [100]

Universal Health Services (NYSE:UHS) Q3 2025 Earnings Call October 28, 2025 09:00 AM ET Speaker2Good day and thank you for standing by. Welcome to the third quarter 2025 Universal Health Services earnings conference call. At this time, all participants are in a listen-only mode. After the speaker's presentation, there will be a question and answer session. To ask a question during the session, you'll need to press star 11 on your telephone. You will then hear an automated message advising your hand is raise ...

长期以来，美国政治保守派一直不喜欢补充营养援助计划。许多人认为，该计划管理不善，让美国人变 得"衣来伸手，饭来张口"。但美国人对该计划的需求迫在眉睫，且遍布各地。无论当地经济多么富裕， 每个县都有吃不上饭的人。 最新数据显示，2023年，4740万美国人面临饥饿威胁，其中1380万是儿童。近700万户家庭经历了"粮食 危机"，这意味着他们有时不仅吃不上一顿饱饭，甚至一整天都粒米未进，不知道下一顿饭从哪来。非 裔和拉丁裔美国人的挨饿比例尤为突出。 美国国会预算办公室称，超过200万人将失去他们的补充营养援助计划福利。同时，"大而美"法案大刀 阔斧地修改了医疗补助计划，用一招"老掉牙的伎俩"在未来10年内节省约1万亿美元——让本就冗杂的 流程变得更加繁琐，阻碍人们参保。这项法案将使目前2600万没有医疗保险的美国人再增加1180万。 赤字将增加约 3.4 万亿美元 美国《纽约时报》 7 月 14 日文章，原题：新的 " 饥饿时代 " 已然拉开帷幕 东汉普顿是马萨诸塞州西部一座 古老的磨坊小镇，当地部分改建的工厂建筑经过翻新，改造成艺术画廊、餐厅和商店，处处充满艺术气 息。尤其每月一度的艺术漫步之夜，前来享受艺术的 ...

Core Viewpoint - The U.S. Treasury Secretary, Janet Yellen, expressed a desire to restore the Medicaid program to pre-pandemic levels, indicating a shift in focus towards healthcare funding and support for vulnerable populations [1] Group 1 - The statement reflects the government's intention to address healthcare accessibility and affordability as the country moves beyond the pandemic [1] - Restoring Medicaid to its previous levels may involve increased funding and policy adjustments to support low-income individuals and families [1] - This move could have significant implications for the healthcare industry, particularly for providers and insurers that rely on Medicaid reimbursements [1]

Group 1 - The core viewpoint is the intention to expand the Medicaid program to benefit mothers, children, and those in need [1]