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HCA Healthcare posts $1.36 billion in first-quarter profits

Posted On: Apr. 24, 2023 9:50 AM CST

HCA Healthcare rode a wave of recovering revenues, volumes and labor to $1.36 billion in first-quarter profit, prompting the health system to increase its projections for all of 2023, reports Fierce Healthcare. Nashville-based HCA reported first-quarter revenues of $15.6 billion, a 4.1% year-over-year revenue increase over the opening quarter of 2022. Expenses rose from Q1 2022’s $13.13 billion to $13.67 billion, generally reflecting a year of rising expenses, wages and inflation.