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HCA Q1 profit more than doubles to $1 4B

Dive Brief: Hospital giant HCA Healthcare reported a profit of $1.4 billion in the first quarter thanks to highly acute inpatient volumes, better payer mix and a rebound in surgical and outpatient volumes in March. That s more than double the Nashville-based system s profit the same time last year, and comes despite sluggish admissions due to the ongoing effects of COVID-19. On a call with investors Thursday morning on the financial results, HCA leadership said they expected volumes to recover throughout 2021, pointing at falling COVID-19 cases, but said it s too early to forecast the pacing of that recovery. The for-profit operator raised its full-year guidance as a result of the quarterly performance and the deferral of Medicare sequestration cuts through the end of the year. Shares were up more than 3% in morning trading following the results.

HCA Healthcare (HCA) Q1 2021 Earnings Call Transcript

Operator Welcome to the HCA Healthcare first-quarter 2021 earnings conference call. Today s call is being recorded. At this time, for opening remarks and introductions, I d like to turn the call over to the vice president of investor relations, Mr. Mark Kimbrough. Please go ahead, sir. Vice President of Investor Relations All right. Thank you, Cara. Good morning and welcome to everyone on today s call. With me this morning is our CEO, Sam Hazen; and CFO, Bill Rutherford. Sam and Bill will provide some prepared remarks, and then we will take questions afterward. Before I turn the call over to Sam and Bill, let me remind everyone that should today s call contain any forward-looking statements, they are based upon management s current expectations. Numerous risks, uncertainties, and other factors may cause actual results to differ materially from these from those that might be expressed today. More information on forward-looking statements and these factors are listed in today s

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