HCA's 3Q Preview Faces Hurricane Headwinds
HCA Healthcare previewed third-quarter results negatively affected by hurricane-related headwinds and the Texas Medicaid Waiver program, which ultimately led the company to cut its 2017 guidance below our forecast. During the quarter, the company realized approximately $140 million of previously unexpected expenses and lost revenue due to hurricanes Harvey and Irma, hindering same facility equivalent admissions growth of 0.3% by 80 basis points. Furthermore, HCA’s operations were weakened by app...HCA Healthcare is a holding company. Through its subsidiaries, partnerships and joint ventures, the company owns and operates hospitals and related health care entities. Most of the company's general, acute care hospitals provide medical and surgical services, including inpatient care, intensive care, cardiac care, diagnostic services and emergency services. The general, acute care hospitals also provide outpatient services such as outpatient surgery, laboratory, radiology, respiratory therapy, cardiology and physical therapy. The company's psychiatric hospitals provide therapeutic programs including child, adolescent and adult psychiatric care, adolescent and adult alcohol and drug abuse treatment and counseling.
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