48 annotations
We closed some additional contracts in the third quarter of this year
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2022 Q3
12 Nov 22
I think the 1% to 2% is a little bit lower than maybe historical trends because we will have some COVID admission activity in ‘22 that we don’t think will be as much in ‘23.
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2022 Q3
12 Nov 22
Your volume guidance for next year is 1% to 2%. And I believe that’s a little lower than historically, you typically guide 2% to 3%.
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2022 Q3
12 Nov 22
we hovered around 9% in the early part in terms of contract labor percent of SWB down to 7%
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2022 Q3
12 Nov 22
we are about 70% contracted for 2023 and about 45% contracted for 2024
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2022 Q3
12 Nov 22
We still are running with a lot more nurses in contract labor than we did in 2019.
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2022 Q3
12 Nov 22
half of that was through the continued reduction of the average hourly rate and half though reduction of utilization of contract labor
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2022 Q3
12 Nov 22
on the contract labor percent of SWB was about 7.2% for the quarter
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2022 Q3
12 Nov 22
our salary, wages and benefit cost per hour were flat with the second quarter. That was partially due to a 20% reduction in contract expenses.
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2022 Q3
12 Nov 22
We made market-based wage adjustments for our employee workforce and were able to absorb much of this with a 19% reduction in contract labor as compared to the second quarter.
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2022 Q3
12 Nov 22
we continued to invest significantly in our workforce including the opening of one more Galen College of Nursing campus. These investments produced improvement in retention, more new hires and reduced contract labor expenses
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2022 Q3
12 Nov 22
Non-COVID admissions increased 6.9% in the quarter as compared to the prior year and are up 2.7% year-to-date.
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2022 Q3
12 Nov 22
our same facility admissions are down 1.5% when compared to the prior year. COVID admissions were down almost 60% this quarter compared to third quarter of last year, and they represented almost 13% of admissions in Q3 of last year versus 5% of admissions in third quarter of this year
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2022 Q3
12 Nov 22
as the Affordable Care Act provides some level of support that we hadn't seen in the past.
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2022 Q2
22 Jul 22
HCA Healthcare has performed well in past recessionary cycles. And I'm confident that we can perform reasonably well in future recessionary cycles
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2022 Q2
22 Jul 22
I don't think we're going to see any material change in how we allocate capital.
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2022 Q2
22 Jul 22
we ran about 72% occupancy in the second quarter.
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2022 Q2
22 Jul 22
protection allows us to reposition some of our pricing as we move through the next few years to reflect more accurately the inflationary pressures that we're seeing and others are seeing in the provider system.
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2022 Q2
22 Jul 22
some renegotiated contract have reflected more escalation in pricing than what we had seen in our past trends.
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2022 Q2
22 Jul 22
I think what we have today is a unique safety net for those people in the Affordable Care Act programs that should provide some support by comparison to past cycles.
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2022 Q2
22 Jul 22