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HCA Healthcare – Best Healthcare Stocks To Buy Right Now

HCA Healthcare is one of the largest operators of healthcare facilities in the US. It is based out of Tennessee and operates some 2,000 care centers in addition to around 186 hospitals. Healthcare facilities have had a challenging time during the pandemic as people have postponed treatments that were non-urgent. Facilities across the US have had to adapt as a result while some had to depend on government aid to get through the difficult times. HCA Healthcare seems to have gotten through the pandemic and its prospects are now looking up.

HCA Healthcare 3Q2020 Earnings Results

HCA Healthcare announced its third-quarter 2020 results on October 26th, 2020. Revenue was up from $12.69 billion in 3Q2019 to $13.3 billion in 3Q2020. Diluted earnings per share were also up from $1.76 per share to $1.95 per share. According to Bill Rutherford, CFO, HCA Healthcare, “Our same facility net revenue per adjusted admission increased 14.8% in the quarter compared to the prior-year period. There were three factors that contributed to this result. One is the level of COVID-19 patients we served in the quarter. As we previously mentioned, we served close to 40,000 inpatient COVID cases in the quarter or about 8% of our total admissions.”

He further added, “Second, within our non-COVID patients, we saw a higher acuity patient as those patients presenting for service have been in higher acuity areas, such as neurology, cardiology and oncology, and the lower acute services were slower to return. Our non-COVID case mix index increased approximately 5% over the prior year. Lastly, as we mentioned earlier, our managed care mix of inpatients grew as our Medicare volume was slightly slower to recover.”

Performances Of The Top Healthcare Stocks To Buy Right Now

HCA’s stock closed at $157 on 4th December, up about 14.6% for the past month. Universal Health Services is also up about 14.7% in the preceding 30 days. Its stock closed at $135 on 4th December 2020. Tenet healthcare’s stock, meanwhile, closed at $34 on 4th December, up 20% for the past month.


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