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Biggest for-profit US hospital chain posts massive profit in pandemic - Business Insider

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The biggest for-profit hospital chain in the US just posted a massive profit, shrugging off the coronavirus (via Axios)

HCA has received $1.4 billion in

to date, of which $822 million was recognized in the second quarter. After taking out taxes, HCA recorded $590 million in taxpayer bailouts in the quarter — representing 55% of its profit.The decline in patient visits was short-lived at most HCA facilities. Hospitalizations in the second quarter were down 13% year over year, and outpatient surgeries fell 33%.

But by June, everything was mostly back to normal, HCA CFO Bill Rutherford said on an investor call. HCA's outpatient surgeries were actually 1% HCA's extremely profitable report comes on the same day that the health care industry is Do you have a personal experience with the coronavirus you'd like to share? Or a tip on how your town or community is handling the pandemic? Please emailfrom Business Insider Intelligence on how COVID-19 is affecting industries.

 

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