Bruce Japsen: Hospital Profits Soar As Obamacare Prescribes More Paying Patients
Hospital operators continue to see profits and revenue not seen in a decade thanks to the Affordable Care Act and related efforts to sign up uninsured patients to coverage so facilities can reduce unpaid medical bills. Large hospital operators HCA Holdings HCA +2.78% (HCA), Tenet Healthcare THC +2.5% (THC) and Community Health Systems (CYH) in the last month issued robust 2014 earnings, revenues and large declines in uncompensated care costs, a key measure of expenses.
“We reported Tenet’s strongest quarterly EBITDA in more than 10 years,” Tenet chief executive officer Trevor Fetter boasted last week of a key earnings acronym in the hospital chain’s 2014 fourth quarter. Hospital operators are reporting more paying patients and fewer uninsured, which means far fewer unpaid medical bills. “For the last four quarters, the decline in self-pay admits and adjusted admits and the increase in Medicaid in expansion states have grown quarter over quarter,” Community Health CFO Larry Cash said.
You are sent into a situation where a naked man is acting weird. He is clearly unarmed. It should be apparent to you that he might be mentally ill. You have a taser. You don’t use it. Instead you use your gun and kill him. You kill a man who served his country and just needed some help