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HCA’s 2Q earnings exceed expectations
Modern Healthcare

Investors breathed a sigh of relief Tuesday as HCA, the country’s largest hospital system, previewed better-than-expected financial results for the second quarter. The Nashville-based chain exceeded expectations for both earnings and patient volume, and analysts credited efforts to heavily cut costs as helping to counteract modest growth in admissions. While analysts had braced for a decline in patient volume, HCA reported a preliminary 1.3% increase in same-facility admissions, and a 2.9% increase in same-facility revenue per equivalent admission.