HCA Healthcare, Inc. reported a significant increase in financial performance for the fiscal year ending December 31, 2024, with revenues reaching $70.603 billion, up 8.7% from $64.968 billion in 2023. The company's net income attributable to HCA Healthcare rose to $5.760 billion, or $22.00 per diluted share, compared to $5.242 billion, or $18.97 per diluted share, in the previous year. This growth was driven by a 5.3% increase in equivalent admissions and a 3.2% rise in revenue per equivalent admission. The company also noted that its revenues from Medicaid state-directed and supplemental payment programs increased to approximately $4.9 billion in 2024, up from $3.9 billion in 2023.
Operationally, HCA Healthcare expanded its footprint, operating 190 hospitals and 124 freestanding outpatient surgery centers as of December 31, 2024. The total number of admissions increased by 5.0%, with emergency room visits rising by 4.8%. However, the company faced challenges, including a 1.9% decline in outpatient surgical volumes and an increase in the estimated cost of total uncompensated care, which rose to $4.366 billion in 2024 from $3.720 billion in 2023. The company attributed these changes to various factors, including economic conditions and shifts in patient demographics.
Strategically, HCA Healthcare has focused on enhancing its service offerings and operational efficiency. The company aims to grow its presence in existing markets and has invested in expanding outpatient facilities, including surgery centers and urgent care clinics. Additionally, HCA Healthcare has emphasized the recruitment and retention of healthcare professionals, addressing the ongoing labor shortages in the industry. The company reported a workforce of approximately 316,000 employees as of December 31, 2024.
Looking ahead, HCA Healthcare anticipates continued growth, with planned capital expenditures expected to range between $5.0 billion and $5.2 billion in 2025. The company is also focused on navigating the evolving healthcare landscape, including potential changes in government healthcare programs and reimbursement structures. HCA Healthcare's management remains committed to maintaining operational excellence and delivering high-quality care while managing the challenges posed by regulatory changes and market competition.
About HCA Healthcare, Inc.
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