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.
Dan Diamond (@ddiamond) March 06, 2015
Hospital operators continue to see profits & revenue not seen in a decade, thanks to the Affordable Care Act: onforb.es/1GEKMo0—
(@Forbes) March 02, 2015
CBO lowers the 10-year cost of ACA marketplace subsidies by $209 billion from what it projected in January. cbo.gov/sites/default/…—
Larry Levitt (@larry_levitt) March 09, 2015
(@LOLGOP) March 08, 2015
Larry Levitt (@larry_levitt) March 10, 2015
CBO: Net +12M people had health insurance last year bc of Obamacare. Sees +7M more this year and +5M more in 2016. http://t.co/zXxdvhYoEw—
Steven Dennis (@StevenTDennis) January 26, 2015