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HCA, Tenet EBITDA rises as labor costs cool

By Admin | July 23, 2023

Some for-profit health systems, such as Nashville, Tenn.-based HCA Healthcare and Dallas-based Tenet Healthcare — the two largest — have seen improved EBITDA in the first quarter as salary and benefit obligations softened, according to Moody's "Healthcare Quarterly" report, published July 19. 

First-quarter salaries and benefits as a percent of revenue fell for HCA and Tenet by about a percentage point each to 45.4 percent and 45 percent, respectively.

HCA's EBITDA increased by almost 8 percent to $3.2 billion, with Moody's projecting continued improvement in the coming quarters. Tenet's operating performance also improved, with EBITDA at $832 million, according to the report. 

Separately, some health systems with a substantial...(More)

For more info please read, HCA, Tenet EBITDA rises as labor costs cool, by Becker's Hospital CFO Report

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