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