Outpatient revenue outpaced inpatient gains at HCA Healthcare (NYSE: HCA) in the first quarter of 2025. Company leaders said ambulatory surgery centers (ASCs) are helping drive that trend as HCA ramps up capital investment in lower-cost settings. After a rough Q4 with the impact of hurricanes Milton and Helene, the Nashville, Tennessee-based health care giant’s revenue was $18.32 billion for Q1, slightly above the expected $18.26 billion. For context, HCA reported revenues of $17.34 … [Read more...]
Ambulatory Surgery Centers Remain Key to HCA’s Market Strategy, CEO Says
Ambulatory surgery centers (ASCs) remain central to HCA Healthcare’s (NYSE: HCA) long-term outpatient expansion strategy, despite the company’s heavier focus on urgent care, physician clinics and freestanding emergency departments in recent years. “We think about ambulatory surgery centers as just part of our approach to the marketplace,” CEO Sam Hazen said during a March 4 investor call. “Unlike some other companies, we don’t typically own surgery centers or other outpatient facilities … [Read more...]
TOC Expands Orthopedic Footprint with Orthopedic Surgery Center, Names New CEO
With orthopedic providers across Florida seeing more procedures shifting to the outpatient setting, the Tallahassee Orthopedic Clinic (TOC) is poised to embrace this change with expanded services and new leadership. In early February, TOC officially announced the opening of its Spine and Joint Surgery Center, along with the appointment of its longtime CFO, Kelby Tardi, as the organization’s new CEO. TOC has long been a major player in the region, with 35 physicians, 10 regional offices … [Read more...]
Pipeline: Cleveland Clinic Announces Major Expansion, Including New ASC; Sutter Health Announces 2 Outpatient Campuses in Silicon Valley
Cleveland Clinic unveils outpatient expansion Cleveland Clinic unveiled plans to build a new hospital and expand outpatient services in Palm Beach County, Florida including an ambulatory surgery center (ASC). The proposed inpatient hospital will feature approximately 150 beds, an emergency department, a medical office building and the ASC. In addition, Cleveland Clinic will vastly increase its outpatient footprint, nearly quadrupling its current space to include infusion services, imaging, … [Read more...]
Pipeline: SAAK Health Opens New Facility; HCA Healthcare Gains Approval for $21M Surgery Center
SAAK Health opens new ASC SAAK Health has opened a new ambulatory surgery center (ASC) in Brookfield, Wisconsin. The center will offer a wide range of minimally invasive procedures, including diagnostic catheterizations and stent placement. "The new surgery center is designed to provide advanced surgical care, ensuring that our patients receive the best care available close to home,” SAAK Health surgeon Dr. Ramagopal Tumuluri said in a press release. “This event signifies the beginning of a … [Read more...]
Same-Store ASC Revenue Up at HCA Healthcare Despite Dip in Surgery Volume
Outpatient surgery volume across HCA Healthcare’s (NYSE: HCA) ambulatory network declined slightly in the second quarter of 2024. The number of individual surgery centers in the hospital system’s portfolio was down on a year-over-year basis as well. But from a revenue perspective, total growth for HCA Healthcare’s outpatient surgery business was solid last quarter. What’s more, the slight dip in outpatient surgeries was partly attributable to the unique circumstances around Medicaid … [Read more...]
HCA Healthcare Surpasses 2024 Growth Targets, Aims to Focus on Outpatient Platform Investments
HCA Healthcare Inc. (NYSE: HCA) is set to surpass its volume and growth targets, driven by favorable market conditions and strategic investments in outpatient platforms. That’s according to HCA CEO Sam Hazen, who offered an update on his company Wednesday during an investor presentation. "We have a 3% to 4% guide on our volume growth in 2024," Hazen said, adding that there is the potential to exceed these targets given the strong first quarter and supportive market forces for HCA. The … [Read more...]