If you wanted to nitpick HCA’s numbers…
By Geert De Lombaerde Posted on November 5, 2009 at 1:33 pmSheryl Skolnick at Pali Research is impressed by the growth in cash flow and admissions at HCA. But she’s not thrilled about bad debt or the expense item that accounts for 42 percent of the hospital giant’s operating costs.
The increase in bad debt is one thing. More troubling than that was the higher than expected labor costs as a percent of revenue: HCA appears to have lost some leverage here.
SEE ALSO: HCA volume growth best since ‘02
Tags: earnings reports, HCA Inc., hospital management, Pali Research, Sheryl Skolnick
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Wow HCA pays its Employee’s to well…
That is not a bad thing. Good Employees = Great Healthcare.