The one that dominates is Nashville, TN-based giant HCA.
These 4 US Big Hospital and Healthcare Services Corps generated Total Pretax Income of $1.5 bil in the 1Q 2012, which was a very robust 21% increase over the 1Q 2011.
HCA's Pretax Income in the 1Q 2012 below excludes prior year favorable Medicare Revenue adjustments. Its 1Q 2011 Pretax Income excludes a Termination of Management Agreement Charge.
Community Health System's Pretax Income in the 1Q 2012 below excludes a Loss from Debt Extinguishment.
Just like the Health Insurance Corps, these Hospitals and Healthcare Service Corps will be receiving huge economic benefits down the road in 2014 when the Affordable Healthcare Act totally kicks in, and their number of patients/customers served increase substantially. Also, these Hospitals and Healthcare Service Corps will benefit in 2014 from lower Bad Debt Expenses.
Below here is the Pretax Income (PTI) of these 4 US Big Hospital and Healthcare Services Corps for the 1Q 2012 and the 1Q 2011.
| Increase | Increase | |||
| PTI | PTI | (Decrease) | (Decrease) | |
| 1Q 2012 | 1Q 2011 | Amount | % | |
| mils $s | mils $s | mils $s | ||
| Hospitals and Health Services | ||||
| HCA | 775 | 698 | 77 | 11% |
| DaVita | 260 | 178 | 82 | 46% |
| Universal Health Services | 222 | 204 | 18 | 9% |
| Community Health System | 209 | 136 | 73 | 54% |
| Total all 4 | 1,466 | 1,216 | 250 | 21% |
I'm looking forward to analyzing the most recent financial statements of the many US Non-Profit Hospitals. I have a hunch that they are doing quite well, and will provide a fertile area for reducing the massive US Deficit and bending down the US health care cost curve.
