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Universal Health Services, Inc. Reports 2011 Second Quarter Financial Results
Consolidated Results of Operations - Three-month periods ended June 30, 2011 and 2010:

KING OF PRUSSIA, Pa., July 27, 2011 /PRNewswire via COMTEX/ --

Universal Health Services, Inc. (NYSE: UHS) announced today that net income attributable to UHS was $103.6 million, or $1.04 per diluted share, during the second quarter of 2011 as compared to $65.6 million, or $.67 per diluted share, during the comparable prior year quarter. After adjusting the reported results for last year's second quarter to neutralize the impact of the below-mentioned adjustments (no such adjustments were applicable to the second quarter of 2011), our adjusted net income attributable to UHS during the second quarter of 2010 was $66.7 million, or $.68 per diluted share.

Net revenues increased 42% to $1.90 billion during the second quarter of 2011 as compared to $1.34 billion during the second quarter of 2010. The increase in net revenues during the second quarter of 2011, as compared to the comparable quarter of the prior year, was due primarily to the revenues generated at the behavioral health care facilities acquired from Psychiatric Solutions, Inc. ("PSI") in November, 2010.

"Despite the challenges of the weak economy which has continued to keep the demand for our acute care services muted, we are pleased with our improving payor mix trends and encouraged by the contribution of the large capital projects we've undertaken over the last few years," said Alan B. Miller, Chief Executive Officer. "Meanwhile the fundamentals of our behavioral health business remain robust and the integration of our recent acquisition is tracking very positively."

Consolidated Results of Operations - Six-month periods ended June 30, 2011 and 2010:

During the six-month period ended June 30, 2011, net income attributable to UHS was $217.8 million, or $2.20 per diluted share, as compared to $137.4 million, or $1.40 per diluted share, during the comparable prior year period. After adjusting the reported results for the first six months of last year to neutralize the impact of the below-mentioned adjustments (no such adjustments were applicable to the results for the first six months of 2011), our adjusted net income attributable to UHS during the six-month period ended June 30, 2010 was $138.5 million, or $1.41 per diluted share.

Net revenues increased 42% to $3.81 billion during the six-month period ended June 30, 2011 as compared to $2.69 billion during the first six months of 2010. The increase in net revenues during the first six months of 2011, as compared to the comparable prior year period, was due primarily to the revenues generated at the behavioral health care facilities acquired from PSI in November, 2010.

As indicated on the attached Schedules of Non-GAAP Supplemental Consolidated Statements of Income Information ("Supplemental Schedules"), included in our net income attributable to UHS during the three and six-month periods ended June 30, 2010, was a net loss of $1.1 million, or $.01 per diluted share, consisting of: (i) a favorable after-tax adjustment of $10.2 million, or $.10 per diluted share, resulting from a reduction to our professional and general liability self-insurance reserves relating to years prior to 2010 based upon a reserve analysis, offset by; (ii) the unfavorable after-tax impact of $11.3 million, or $.11 per diluted share, resulting from the recording of transaction fees incurred in connection with our acquisition of PSI.

Acute Care Services - Three and six-month periods ended June 30, 2011 and 2010:

At our acute care hospitals owned during both periods ("same facility basis"), adjusted admissions (adjusted for outpatient activity) decreased 0.9% while adjusted patient days increased 1.6% during the second quarter of 2011, as compared to the second quarter of 2010. Net revenues at these facilities increased 6.1% during the second quarter of 2011 as compared to the comparable quarter of the prior year. At these facilities, net revenue per adjusted admission increased 7.1% while net revenue per adjusted patient day increased 4.4% during the second quarter of 2011 as compared to the comparable quarter of the prior year. On a same facility basis, the operating margin (net revenues less salaries, wages and benefits, other operating expenses, supplies expense and provision for doubtful accounts) at our acute care hospitals increased to 15.0% during the second quarter of 2011 as compared to 14.2% during the second quarter of 2010. The increased operating margin was due primarily to improved payor mix, higher acuity and strong commercial insurance pricing.

During the six-month period ended June 30, 2011, on a same facility basis, adjusted admissions decreased 0.2% while adjusted patient days increased 1.9% as compared to the comparable period of the prior year. Net revenues at these facilities increased 6.3% during the first six months of 2011 as compared to the comparable period of the prior year. At these facilities, net revenue per adjusted admission increased 6.5% while net revenue per adjusted patient day increased 4.4% during the first six months of 2011 as compared to the comparable period of the prior year. On a same facility basis, the operating margin at our acute care hospitals increased to 16.5% during the first six months of 2011 as compared to 15.2% during the comparable period of the prior year.

We provide care to patients who meet certain financial or economic criteria without charge or at amounts substantially less than our established rates. Because we do not pursue collection of amounts determined to qualify as charity care, they are not reported in net revenues or in accounts receivable, net. Our acute care hospitals provided charity care and uninsured discounts, based on charges at established rates, amounting to $239 million and $190 million during the three-month periods ended June 30, 2011 and 2010, respectively, and $462 million and $366 million during the six-month periods ended June 30, 2011 and 2010, respectively.

Behavioral Health Care Services - Three and six-month periods ended June 30, 2011 and 2010:

At our behavioral health care facilities, on a same facility basis, adjusted admissions increased 7.1% while adjusted patient days increased 3.0% during the second quarter of 2011 as compared to the second quarter of 2010. Net revenues at these facilities increased 6.2% during the second quarter of 2011 as compared to the comparable quarter in the prior year. At these facilities, net revenue per adjusted admission decreased 0.1% while net revenue per adjusted patient day increased 3.8% during the second quarter of 2011 as compared to the comparable quarter of the prior year. The operating margin at our behavioral health care facilities owned during both periods decreased to 26.7% during the second quarter of 2011 as compared to 27.4% during the second quarter of 2010.

During the six-month period ended June 30, 2011, on a same facility basis, adjusted admissions increased 6.9% while adjusted patient days increased 2.5% as compared to the comparable six-month period of the prior year. Net revenues at these facilities increased 6.3% during the first six months of 2011 as compared to the comparable period in the prior year. At these facilities, net revenue per adjusted admission decreased 0.2% while net revenue per adjusted patient day increased 4.1% during the first six months of 2011 as compared to the comparable prior year period. The operating margin at our behavioral health care facilities owned during both periods decreased to 26.5% during the first six months of 2011 as compared to 26.8% during the comparable period in the prior year.

Conference Call Information:

We will hold a conference call for investors and analysts at 9:00 a.m. (eastern time) on July 28, 2011. The dial-in number is 1-877-648-7971. A digital recording of the conference call will be available two hours after the completion of the conference call on July 28, 2011 and will continue through midnight on August 11, 2011. The recording can be accessed by calling 1-800-642-1687 and entering the pass code 78569408. A live broadcast of the call will be available on our web site at www.uhsinc.com. The webcast will also be available through Thompson StreetEvents Network at www.earnings.comor www.streetevents.com, a password-protected event management site for institutional investors.

General Information, Forward-Looking Statements and Risk Factors and Non-GAAP Financial Measures:

Universal Health Services, Inc. ("UHS") is one of the nation's largest hospital companies, operating acute care hospitals, behavioral health facilities and ambulatory centers throughout the United States, Puerto Rico and the U.S. Virgin Islands. It acts as the advisor to Universal Health Realty Income Trust, a real estate investment trust (NYSE: UHT). For additional information on the Company, visit our web site: http://www.uhsinc.com.

This press release contains forward-looking statements based on current management expectations. Numerous factors, including those disclosed herein, those related to healthcare industry trends and those detailed in our filings with the Securities and Exchange Commission (as set forth in Item 1A-Risk Factors and in Item 7-Forward-Looking Statements and Risk Factors in our Form 10-K for the year ended December 31, 2010 and in Item 2-Forward Looking Statements and Risk Factors in our Form 10-Q for the quarterly period ended March 31, 2011), may cause the results to differ materially from those anticipated in the forward-looking statements. Many of the factors that will determine our future results are beyond our capability to control or predict. These statements are subject to risks and uncertainties and therefore actual results may differ materially. Readers should not place undue reliance on such forward-looking statements which reflect management's view only as of the date hereof. We undertake no obligation to revise or update any forward-looking statements, or to make any other forward-looking statements, whether as a result of new information, future events or otherwise.

We believe that operating income, operating margin, adjusted net income attributable to UHS, adjusted net income attributable to UHS per diluted share and earnings before interest, taxes, depreciation and amortization ("EBITDA"), which are non-GAAP financial measures ("GAAP" is Generally Accepted Accounting Principles in the United States of America), are helpful to our investors as measures of our operating performance. In addition, we believe that, when applicable, comparing and discussing our financial results based on these measures, as calculated, is helpful to our investors since it neutralizes the effect in each year of items that are nonrecurring or non-operational in nature including items such as, but not limited to, gains on sales of assets and businesses, reserves for settlements, legal judgments and lawsuits and other amounts that may be reflected in the current or prior year financial statements that relate to prior periods. To obtain a complete understanding of our financial performance these measures should be examined in connection with net income, determined in accordance with GAAP, as presented in the condensed consolidated financial statements and notes thereto in this report or in our other filings with the Securities and Exchange Commission including our Report on Form 10-K for the year ended December 31, 2010 and Report on Form 10-Q for the quarterly period ended March 31, 2011. Since the items included or excluded from these measures are significant components in understanding and assessing financial performance under GAAP, these measures should not be considered to be alternatives to net income as a measure of our operating performance or profitability. Since these measures, as presented, are not determined in accordance with GAAP and are thus susceptible to varying calculations, they may not be comparable to other similarly titled measures of other companies. Investors are encouraged to use GAAP measures when evaluating our financial performance.

Universal Health Services, Inc.

Consolidated Statements of Income

(in thousands, except per share amounts)

(unaudited)





Three months


Six months


ended June 30,


ended June 30,


2011


2010


2011


2010









Net revenues

$1,902,234


$1,338,315


$3,812,762


$2,685,468









Operating charges:








Salaries, wages and benefits

852,078


563,552


1,697,942


1,142,478

Other operating expenses

354,835


249,114


704,281


496,142

Supplies expense

205,594


179,926


412,764


363,742

Provision for doubtful accounts

160,917


143,764


314,033


269,154

Depreciation and amortization

73,234


54,025


144,585


107,536

Lease and rental expense

23,339


18,185


46,507


36,119


1,669,997


1,208,566


3,320,112


2,415,171









Income from operations

232,237


129,749


492,650


270,297









Interest expense, net

49,808


12,277


106,225


24,654









Income before income taxes

182,429


117,472


386,425


245,643









Provision for income taxes

66,395


41,057


140,404


86,466









Net income

116,034


76,415


246,021


159,177









Less: Income attributable to








noncontrolling interests

12,385


10,843


28,179


21,786









Net income attributable to UHS

$103,649


$65,572


$217,842


$137,391

















Basic earnings per share attributable to UHS (a)

$1.06


$0.68


$2.23


$1.42









Diluted earnings per share attributable to UHS (a)

$1.04


$0.67


$2.20


$1.40

Universal Health Services, Inc.

Footnotes to Consolidated Statements of Income

(in thousands, except per share amounts)

(unaudited)







Three months


Six months


ended June 30,


ended June 30,


2011


2010


2011


2010









(a) Earnings per share calculation:
















Basic and diluted:








Net income attributable to UHS

$103,649


$65,572


$217,842


$137,391

Less: Net income attributable to unvested restricted share grants

(126)


(278)


(275)


(593)

Net income attributable to UHS - basic and diluted

$103,523


$65,294


$217,567


$136,798









Weighted average number of common shares - basic

97,563


96,703


97,472


96,621









Basic earnings per share attributable to UHS:

$1.06


$0.68


$2.23


$1.42









Weighted average number of common shares

97,563


96,703


97,472


96,621

Add: Other share equivalents

1,695


1,351


1,591


1,131

Weighted average number of common shares and equiv. - diluted

99,258


98,054


99,063


97,752









Diluted earnings per share attributable to UHS:

$1.04


$0.67


$2.20


$1.40

Universal Health Services, Inc.

Schedule of Non-GAAP Supplemental Consolidated Statements of Income Information ("Supplemental Schedule")

For the three months ended June 30, 2011 and 2010

(in thousands, except per share amounts)

(unaudited)


Calculation of "EBITDA"



Three months ended


Three months ended


June 30, 2011


June 30, 2010









Net revenues

$1,902,234


100.0%


$1,338,315


100.0%









Operating charges:








Salaries, wages and benefits

852,078


44.8%


563,552


42.1%

Other operating expenses

354,835


18.7%


249,114


18.6%

Supplies expense

205,594


10.8%


179,926


13.4%

Provision for doubtful accounts

160,917


8.5%


143,764


10.7%


1,573,424


82.7%


1,136,356


84.9%









Operating income/margin ("EBITDAR")

328,810


17.3%


201,959


15.1%









Lease and rental expense

23,339




18,185



Income attributable to noncontrolling interests

12,385




10,843











Earnings before, depreciation and amortization, interest expense, and income taxes ("EBITDA")

293,086




172,931











Depreciation and amortization

73,234




54,025



Interest expense, net

49,808




12,277











Income before income taxes attributable to UHS

170,044




106,629











Provision for income taxes

66,395




41,057



Net income attributable to UHS

$103,649




$65,572



















Calculation of Adjusted Net Income Attributable to UHS



Three months ended


Three months ended


June 30, 2011


June 30, 2010




Per




Per


Amount


Diluted Share


Amount


Diluted Share

Calculation of Adjusted Net Income Attributable to UHS








Net income attributable to UHS

$103,649


$1.04


$65,572


$0.67

Plus/minus adjustments:








Reduction of reserves relating to prior years for professional and general liability








self-insured claims, net of income taxes

-


-


(10,198)


(0.10)

Acquisition transaction costs, net of income taxes

-


-


11,288


0.11

Subtotal after-tax adjustments to net income attributable to UHS

-


-


1,090


0.01

Adjusted net income attributable to UHS

$103,649


$1.04


$66,662


$0.68

Universal Health Services, Inc.

Schedule of Non-GAAP Supplemental Consolidated Statements of Income Information ("Supplemental Schedule")

For the six months ended June 30, 2011 and 2010

(in thousands, except per share amounts)

(unaudited)


Calculation of "EBITDA"



Six months ended


Six months ended


June 30, 2011


June 30, 2010









Net revenues

$3,812,762


100.0%


$2,685,468


100.0%









Operating charges:








Salaries, wages and benefits

1,697,942


44.5%


1,142,478


42.5%

Other operating expenses

704,281


18.5%


496,142


18.5%

Supplies expense

412,764


10.8%


363,742


13.5%

Provision for doubtful accounts

314,033


8.2%


269,154


10.0%


3,129,020


82.1%


2,271,516


84.6%









Operating income/margin ("EBITDAR")

683,742


17.9%


413,952


15.4%









Lease and rental expense

46,507




36,119



Income attributable to noncontrolling interests

28,179




21,786











Earnings before, depreciation and amortization, interest expense, and income taxes ("EBITDA")

609,056




356,047











Depreciation and amortization

144,585




107,536



Interest expense, net

106,225




24,654











Income before income taxes attributable to UHS

358,246




223,857











Provision for income taxes

140,404




86,466



Net income attributable to UHS

$217,842




$137,391



















Calculation of Adjusted Net Income Attributable to UHS



Six months ended


Six months ended


June 30, 2011


June 30, 2010




Per




Per


Amount


Diluted Share


Amount


Diluted Share

Calculation of Adjusted Net Income Attributable to UHS








Net income attributable to UHS

$217,842


$2.20


$137,391


$1.40

Plus/minus adjustments:








Reduction of reserves relating to prior years for professional and general liability








self-insured claims, net of income taxes

-


-


(10,198)


(0.10)

Acquisition transaction costs, net of income taxes

-


-


11,288


0.11

Subtotal after-tax adjustments to net income attributable to UHS

-


-


1,090


0.01

Adjusted net income attributable to UHS

$217,842


$2.20


$138,481


$1.41

Universal Health Services, Inc.

Condensed Consolidated Balance Sheets

(in thousands)

(unaudited)







June 30,



December 31,



2011



2010

Assets






Current assets:






Cash and cash equivalents

$

34,816


$

29,474

Accounts receivable, net


913,742



837,820

Supplies


95,550



94,330

Other current assets


91,223



130,060

Deferred income taxes


121,441



120,834

Assets of facilities held for sale


111,334



118,598

Total current assets


1,368,106



1,331,116







Property and equipment


4,917,119



4,853,972

Less: accumulated depreciation


(1,698,776)



(1,601,005)



3,218,343



3,252,967







Other assets:






Goodwill


2,607,283



2,589,914

Deferred charges


120,378



108,660

Other


251,643



245,279


$

7,565,753


$

7,527,936







Liabilities and Stockholders' Equity






Current liabilities:






Current maturities of long-term debt

$

2,541


$

3,449

Accounts payable and accrued liabilities


768,997



819,334

Liabilities of facilities held for sale


4,014



3,516

Federal and state taxes


8,983



0

Total current liabilities


784,535



826,299







Other noncurrent liabilities


402,737



380,649

Long-term debt


3,750,928



3,912,102

Deferred income taxes


179,708



173,354







Redeemable noncontrolling interest


214,679



211,761







UHS common stockholders' equity


2,186,107



1,978,772

Noncontrolling interest


47,059



44,999

Total equity


2,233,166



2,023,771








$

7,565,753


$

7,527,936

Universal Health Services, Inc.

Consolidated Statements of Cash Flows

(in thousands)

(unaudited)


Six months


ended June 30,


2011


2010



Cash Flows from Operating Activities:




Net income

$246,021


$159,177

Adjustments to reconcile net income to net




cash provided by operating activities:




Depreciation & amortization

144,949


107,536

Gain on sale of assets and businesses

0


(1,993)

Stock-based compensation expense

8,665


8,327

Changes in assets & liabilities, net of effects from




acquisitions and dispositions:




Accounts receivable

(77,661)


(16,523)

Accrued interest

(2,309)


(1,757)

Accrued and deferred income taxes

55,420


3,946

Other working capital accounts

(48,417)


(15,753)

Other assets and deferred charges

11,525


1,484

Other

3,468


(4,513)

Accrued insurance expense, net of commercial premiums paid

47,480


15,491

Payments made in settlement of self-insurance claims

(33,365)


(27,698)

Net cash provided by operating activities

355,776


227,724





Cash Flows from Investing Activities:




Property and equipment additions, net of disposals

(116,240)


(121,640)

Proceeds received from sale of assets and businesses

2,041


5,000

Costs incurred for purchase and implementation of electronic health records application

(11,416)


(8,354)

Net cash used in investing activities

(125,615)


(124,994)





Cash Flows from Financing Activities:




Reduction of long-term debt

(200,566)


(77,974)

Additional borrowings

36,000


0

Financing costs

(23,534)


0

Repurchase of common shares

(6,163)


(3,703)

Dividends paid

(9,763)


(9,693)

Issuance of common stock

2,408


3,833

Profit distributions to noncontrolling interests

(23,201)


(12,336)

Proceeds from sale of noncontrolling interest in majority owned business

0


300

Net cash used in financing activities

(224,819)


(99,573)





Increase in cash and cash equivalents

5,342


3,157

Cash and cash equivalents, beginning of period

29,474


9,180

Cash and cash equivalents, end of period

$34,816


$12,337





Supplemental Disclosures of Cash Flow Information:




Interest paid

$102,213


$29,783





Income taxes paid, net of refunds

$83,532


$79,943


Universal Health Services, Inc.

Supplemental Statistical Information

(un-audited)
















% Change


% Change




Quarter Ended


6 months ended

Same Facility:



6/30/2011


6/30/2011







Acute Care Hospitals






Revenues



6.1%


6.3%

Adjusted Admissions



-0.9%


-0.2%

Adjusted Patient Days



1.6%


1.9%

Revenue Per Adjusted Admission



7.1%


6.5%

Revenue Per Adjusted Patient Day



4.4%


4.4%













Behavioral Health Hospitals












Revenues



6.2%


6.3%

Adjusted Admissions



7.1%


6.9%

Adjusted Patient Days



3.0%


2.5%

Revenue Per Adjusted Admission



-0.1%


-0.2%

Revenue Per Adjusted Patient Day



3.8%


4.1%

















UHS Consolidated









Second Quarter Ended


Six months Ended


6/30/2011


6/30/2010


6/30/2011


6/30/2010









Revenues

$1,902,234


$1,338,315


$3,812,762


$2,685,468

EBITDA (1)

293,086


172,931


609,056


356,047

EBITDA Margin (1)

15.4%


12.9%


16.0%


13.3%









Cash Flow From Operations

172,599


88,265


355,776


227,724

Days Sales Outstanding

44


42


43


42

Capital Expenditures

59,682


59,064


116,240


121,640









Debt





3,753,469


883,376

UHS Shareholders Equity





2,186,107


1,877,365

Debt / Total Capitalization





63.2%


32.0%

Debt / EBITDA (2)





3.79


1.30

Debt / Cash From Operations (2)





5.96


1.89

















Acute Care EBITDAR Margin (3)

15.0%


14.2%


16.5%


15.2%

Behavioral Health EBITDAR Margin (3)

25.6%


27.8%


25.5%


26.7%

















(1) Net of Minority Interest and before prior year self insurance reserve adjustments (net of taxes) booked in 2010 and

transaction related expenses (net of taxes) booked in 2010

(2) Latest 4 quarters

(3) Before Corporate overhead allocation, minority interest and prior year self insurance reserve adjustment booked in 2010

UNIVERSAL HEALTH SERVICES, INC.

SELECTED HOSPITAL STATISTICS

FOR THE THREE MONTHS ENDED

JUNE 30, 2011

AS REPORTED:





























ACUTE


BEHAVIORAL HEALTH



06/30/11

06/30/10

% change


06/30/11

06/30/10

% change










Hospitals owned and leased


21

21

0.0%


177

82

115.9%

Average licensed beds


5,704

5,689

0.3%


19,404

7,980

143.2%

Patient days


286,251

286,230

0.0%


1,322,126

544,629

142.8%

Average daily census


3,145.8

3,145.4

0.0%


14,528.9

5,984.9

142.8%

Occupancy-licensed beds


55.1%

55.3%

-0.3%


74.9%

75.0%

-0.2%

Admissions


64,575

66,208

-2.5%


90,530

36,573

147.5%

Length of stay


4.4

4.3

2.5%


14.6

14.9

-1.9%










Inpatient revenue


$3,013,142

$2,624,502

14.8%


$1,404,643

$554,141

153.5%

Outpatient revenue


1,415,059

1,171,634

20.8%


157,748

81,987

92.4%

Total patient revenue


4,428,201

3,796,136

16.7%


1,562,391

636,128

145.6%

Other revenue


18,613

19,187

-3.0%


35,323

7,224

389.0%

Gross hospital revenue


4,446,814

3,815,323

16.6%


1,597,714

643,352

148.3%










Total deductions


3,413,790

2,841,313

20.1%


734,460

286,344

156.5%










Net hospital revenue


$1,033,024

$974,010

6.1%


$863,254

$357,008

141.8%




























SAME FACILITY:





























ACUTE


BEHAVIORAL HEALTH (1)



06/30/11

06/30/10

% change


06/30/11

06/30/10

% change










Hospitals owned and leased


21

21

0.0%


81

81

0.0%

Average licensed beds


5,704

5,689

0.3%


8,071

7,866

2.6%

Patient days


286,251

286,230

0.0%


553,134

536,873

3.0%

Average daily census


3,145.8

3,145.4

0.0%


6,078.4

5,899.7

3.0%

Occupancy-licensed beds


55.1%

55.3%

-0.3%


75.3%

75.0%

0.4%

Admissions


64,575

66,208

-2.5%


39,173

36,558

7.2%

Length of stay


4.4

4.3

2.5%


14.1

14.7

-3.8%










(1) Pennsylvania Clinical School is excluded in both current and prior years. Facilities acquired in acquisition of Psychiatric Solutions are excluded in both current and prior years.

UNIVERSAL HEALTH SERVICES, INC.

SELECTED HOSPITAL STATISTICS

FOR THE SIX MONTHS ENDED

JUNE 30, 2011

AS REPORTED:





























ACUTE


BEHAVIORAL HEALTH



06/30/11

06/30/10

% change


06/30/11

06/30/10

% change










Hospitals owned and leased


21

21

0.0%


177

82

115.9%

Average licensed beds


5,700

5,689

0.2%


19,400

7,975

143.3%

Patient days


593,621

591,924

0.3%


2,621,398

1,083,379

142.0%

Average daily census


3,279.7

3,270.3

0.3%


14,403.3

5,952.6

142.0%

Occupancy-licensed beds


57.5%

57.5%

0.1%


74.2%

74.6%

-0.5%

Admissions


132,513

134,846

-1.7%


180,093

72,930

146.9%

Length of stay


4.5

4.4

2.1%


14.6

14.9

-2.0%










Inpatient revenue


$6,235,389

$5,407,933

15.3%


$2,795,844

$1,098,922

154.4%

Outpatient revenue


2,785,177

2,288,559

21.7%


307,343

159,964

92.1%

Total patient revenue


9,020,566

7,696,492

17.2%


3,103,187

1,258,886

146.5%

Other revenue


35,967

34,990

2.8%


69,531

15,632

344.8%

Gross hospital revenue


9,056,533

7,731,482

17.1%


3,172,718

1,274,518

148.9%










Total deductions


6,969,216

5,768,161

20.8%


1,459,161

568,328

156.7%










Net hospital revenue


$2,087,317

$1,963,321

6.3%


$1,713,557

$706,190

142.6%




























SAME FACILITY:





























ACUTE


BEHAVIORAL HEALTH (1)



06/30/11

06/30/10

% change


06/30/11

06/30/10

% change










Hospitals owned and leased


21

21

0.0%


81

81

0.0%

Average licensed beds


5,700

5,689

0.2%


8,035

7,861

2.2%

Patient days


593,621

591,924

0.3%


1,094,941

1,067,140

2.6%

Average daily census


3,279.7

3,270.3

0.3%


6,049.4

5,895.8

2.6%

Occupancy-licensed beds


57.5%

57.5%

0.1%


75.3%

75.0%

0.4%

Admissions


132,513

134,846

-1.7%


77,989

72,902

7.0%

Length of stay


4.5

4.4

2.1%


14.0

14.6

-4.1%





































(1) Pennsylvania Clinical School is excluded in both current and prior years. Facilities acquired in

acquisition of Psychiatric Solutions are excluded in both current and prior years.

SOURCE Universal Health Services, Inc.

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