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

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

Universal Health Services, Inc. (NYSE: UHS) announced today that net income attributable to UHS was $85.1 million, or $.86 per diluted share, during the third quarter of 2011 as compared to $55.6 million, or $.57 per diluted share, during the comparable prior year quarter. After adjusting the reported results for last year's third quarter to neutralize the impact of the below-mentioned adjustments (no such adjustments were applicable to the third quarter of 2011), our adjusted net income attributable to UHS during the third quarter of 2010 was $53.7 million, or $.55 per diluted share.

Net revenues increased 40% to $1.85 billion during the third quarter of 2011 as compared to $1.32 billion during the third quarter of 2010. The increase in net revenues during the third 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.

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-month period ended September 30, 2010, was net income of $1.9 million, or $.02 per diluted share, consisting of the unfavorable after-tax impact of $2.5 million, or $.02 per diluted share, resulting from transaction fees incurred in connection with the PSI acquisition, offset by a favorable discrete tax item $4.3 million, or $.04 per diluted share.

Consolidated Results of Operations - Nine-month periods ended September 30, 2011 and 2010:

During the nine-month period ended September 30, 2011, net income attributable to UHS was $302.9 million, or $3.06 per diluted share, as compared to $193.0 million, or $1.96 per diluted share, during the comparable prior year period. After adjusting the reported results for the first nine months of last year to neutralize the impact of the below-mentioned adjustments (no such adjustments were applicable to the results for the first nine months of 2011), our adjusted net income attributable to UHS during the nine-month period ended September 30, 2010 was $192.2 million, or $1.96 per diluted share.

Net revenues increased 41% to $5.66 billion during the nine-month period ended September 30, 2011 as compared to $4.01 billion during the first nine months of 2010. The increase in net revenues during the first nine 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 Supplemental Schedules, included in our net income attributable to UHS during the nine-month period ended September 30, 2010, were the following which, on a net aggregate basis, had no impact on our earnings per diluted share: (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; (ii) a favorable discrete tax item $4.3 million, or $.04 per diluted share, offset by; (iii) the unfavorable after-tax impact of $13.7 million, or $.14 per diluted share, resulting from the PSI acquisition transaction fees.

Acute Care Services - Three and nine-month periods ended September 30, 2011 and 2010:

At our acute care hospitals owned during both periods ("same facility basis"), adjusted admissions (adjusted for outpatient activity) decreased 0.3% while adjusted patient days increased 2.2% during the third quarter of 2011, as compared to the third quarter of 2010. Net revenues at these facilities increased 3.1% during the third quarter of 2011 as compared to the comparable quarter of the prior year. At these facilities, net revenue per adjusted admission increased 3.5% while net revenue per adjusted patient day increased 0.9% during the third 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 decreased to 12.3% during the third quarter of 2011 as compared to 13.0% during the third quarter of 2010. As expected, the robust revenue growth experienced by our acute care facilities earlier in the year has moderated considerably as improvements in payor mix weakened in the third quarter of 2011.

During the nine-month period ended September 30, 2011, on a same facility basis, adjusted admissions decreased 0.3% while adjusted patient days increased 2.0% as compared to the comparable period of the prior year. Net revenues at these facilities increased 5.3% during the first nine months of 2011 as compared to the comparable period of the prior year. At these facilities, net revenue per adjusted admission increased 5.5% while net revenue per adjusted patient day increased 3.3% during the first nine 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 15.1% during the first nine months of 2011 as compared to 14.5% 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 $246 million and $233 million during the three-month periods ended September 30, 2011 and 2010, respectively, and $708 million and $599 million during the nine-month periods ended September 30, 2011 and 2010, respectively.

Behavioral Health Care Services - Three and nine-month periods ended September 30, 2011 and 2010:

At our behavioral health care facilities, on a same facility basis, adjusted admissions increased 7.9% while adjusted patient days increased 3.8% during the third quarter of 2011 as compared to the third quarter of 2010. Net revenues at these facilities increased 6.8% during the third quarter of 2011 as compared to the comparable quarter in the prior year. At these facilities, net revenue per adjusted admission decreased 1.0% while net revenue per adjusted patient day increased 2.9% during the third 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 increased to 26.2% during the third quarter of 2011 as compared to 26.0% during the third quarter of 2010.

During the nine-month period ended September 30, 2011, on a same facility basis, adjusted admissions increased 7.2% while adjusted patient days increased 3.0% as compared to the comparable nine-month period of the prior year. Net revenues at these facilities increased 6.5% during the first nine months of 2011 as compared to the comparable period in the prior year. At these facilities, net revenue per adjusted admission decreased 0.5% while net revenue per adjusted patient day increased 3.7% during the first nine months of 2011 as compared to the comparable prior year period. The operating margin at our behavioral health care facilities owned during both periods was 26.4% during the first nine months of 2011 as compared to 26.5% 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 October 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 October 28, 2011 and will continue through midnight on November 11, 2011. The recording can be accessed by calling 1-855-859-2056 and entering the pass code 15136667. 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 through its subsidiaries, acute care hospitals, behavioral health facilities and ambulatory centers throughout the United States, Puerto Rico and the U.S. Virgin Islands. A wholly-owned subsidiary of UHS 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 June 30, 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 June 30, 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


Nine months


ended September 30,


ended September 30,


2011


2010


2011


2010









Net revenues

$1,848,662


$1,323,264


$5,661,424


$4,008,732









Operating charges:








Salaries, wages and benefits

845,818


572,742


2,543,760


1,715,220

Other operating expenses

350,358


258,388


1,054,639


754,530

Supplies expense

202,817


180,024


615,581


543,766

Provision for doubtful accounts

155,899


133,467


469,932


402,621

Depreciation and amortization

75,166


55,530


219,751


163,066

Lease and rental expense

23,076


18,429


69,583


54,548


1,653,134


1,218,580


4,973,246


3,633,751









Income from operations

195,528


104,684


688,178


374,981









Interest expense, net

48,452


11,478


154,677


36,132









Income before income taxes

147,076


93,206


533,501


338,849









Provision for income taxes

52,234


27,404


192,638


113,870









Net income

94,842


65,802


340,863


224,979









Less: Income attributable to








noncontrolling interests

9,788


10,192


37,967


31,978









Net income attributable to UHS

$85,054


$55,610


$302,896


$193,001

















Basic earnings per share attributable to UHS (a)

$0.87


$0.57


$3.10


$1.99









Diluted earnings per share attributable to UHS (a)

$0.86


$0.57


$3.06


$1.96

Universal Health Services, Inc.

Footnotes to Consolidated Statements of Income

(in thousands, except per share amounts)

(unaudited)







Three months


Nine months


ended September 30,


ended September 30,


2011


2010


2011


2010









(a) Earnings per share calculation:
















Basic and diluted:








Net income attributable to UHS

$85,054


$55,610


$302,896


$193,001

Less: Net income attributable to unvested restricted share grants

(165)


(233)


(440)


(826)

Net income attributable to UHS - basic and diluted

$84,889


$55,377


$302,456


$192,175









Weighted average number of common shares - basic

97,397


96,777


97,447


96,673









Basic earnings per share attributable to UHS:

$0.87


$0.57


$3.10


$1.99









Weighted average number of common shares

97,397


96,777


97,447


96,673

Add: Other share equivalents

1,201


1,158


1,461


1,140

Weighted average number of common shares and equiv. - diluted

98,598


97,935


98,908


97,813









Diluted earnings per share attributable to UHS:

$0.86


$0.57


$3.06


$1.96

Universal Health Services, Inc.

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

For the three months ended September 30, 2011 and 2010

(in thousands, except per share amounts)

(unaudited)




Calculation of "EBITDA"



Three months ended


Three months ended


September 30, 2011


September 30, 2010

















Net revenues

$1,848,662


100.0%


$1,323,264


100.0%









Operating charges:








Salaries, wages and benefits

845,818


45.8%


572,742


43.3%

Other operating expenses

350,358


19.0%


258,388


19.5%

Supplies expense

202,817


11.0%


180,024


13.6%

Provision for doubtful accounts

155,899


8.4%


133,467


10.1%


1,554,892


84.1%


1,144,621


86.5%









Operating income/margin ("EBITDAR")

293,770


15.9%


178,643


13.5%









Lease and rental expense

23,076




18,429



Income attributable to noncontrolling interests

9,788




10,192











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

260,906




150,022











Depreciation and amortization

75,166




55,530



Interest expense, net

48,452




11,478











Income before income taxes attributable to UHS

137,288




83,014











Provision for income taxes

52,234




27,404



Net income attributable to UHS

$85,054




$55,610



















Calculation of Adjusted Net Income Attributable to UHS



Three months ended


Three months ended


September 30, 2011


September 30, 2010




Per




Per


Amount


Diluted Share


Amount


Diluted Share

Calculation of Adjusted Net Income Attributable to UHS








Net income attributable to UHS

$85,054


$0.86


$55,610


$0.57

Plus/minus adjustments:








Acquisition transaction costs, net of income taxes

-


-


2,454


0.02

Favorable discrete tax item

-


-


(4,331)


(0.04)

Subtotal after-tax adjustments to net income attributable to UHS

-


-


(1,877)


(0.02)

Adjusted net income attributable to UHS

$85,054


$0.86


$53,733


$0.55

Universal Health Services, Inc.

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

For the nine months ended September 30, 2011 and 2010

(in thousands, except per share amounts)

(unaudited)




Calculation of "EBITDA"



Nine months ended


Nine months ended


September 30, 2011


September 30, 2010

















Net revenues

$5,661,424


100.0%


$4,008,732


100.0%









Operating charges:








Salaries, wages and benefits

2,543,760


44.9%


1,715,220


42.8%

Other operating expenses

1,054,639


18.6%


754,530


18.8%

Supplies expense

615,581


10.9%


543,766


13.6%

Provision for doubtful accounts

469,932


8.3%


402,621


10.0%


4,683,912


82.7%


3,416,137


85.2%









Operating income/margin ("EBITDAR")

977,512


17.3%


592,595


14.8%









Lease and rental expense

69,583




54,548



Income attributable to noncontrolling interests

37,967




31,978











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

869,962




506,069











Depreciation and amortization

219,751




163,066



Interest expense, net

154,677




36,132











Income before income taxes attributable to UHS

495,534




306,871











Provision for income taxes

192,638




113,870



Net income attributable to UHS

$302,896




$193,001



















Calculation of Adjusted Net Income Attributable to UHS



Nine months ended


Nine months ended


September 30, 2011


September 30, 2010




Per




Per


Amount


Diluted Share


Amount


Diluted Share

Calculation of Adjusted Net Income Attributable to UHS








Net income attributable to UHS

$302,896


$3.06


$193,001


$1.96

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

-


-


13,742


0.14

Favorable discrete tax item

-


-


(4,331)


(0.04)

Subtotal after-tax adjustments to net income attributable to UHS

-


-


(787)


-

Adjusted net income attributable to UHS

$302,896


$3.06


$192,214


$1.96

Universal Health Services, Inc.

Condensed Consolidated Balance Sheets

(in thousands)

(unaudited)








September 30,



December 31,




2011



2010

Assets







Current assets:







Cash and cash equivalents


$

39,147


$

29,474

Accounts receivable, net



945,193



837,820

Supplies



95,777



94,330

Other current assets



95,862



130,060

Deferred income taxes



103,031



120,834

Assets of facilities held for sale



92,939



118,598

Total current assets



1,371,949



1,331,116








Property and equipment



5,008,607



4,853,972

Less: accumulated depreciation



(1,757,976)



(1,601,005)




3,250,631



3,252,967








Other assets:







Goodwill



2,605,951



2,589,914

Deferred charges



116,229



108,660

Other



261,171



245,279



$

7,605,931


$

7,527,936








Liabilities and Stockholders' Equity







Current liabilities:







Current maturities of long-term debt


$

2,511


$

3,449

Accounts payable and accrued liabilities



796,041



819,334

Liabilities of facilities held for sale



2,870



3,516

Federal and state taxes



31,472



0

Total current liabilities



832,894



826,299








Other noncurrent liabilities



428,436



380,649

Long-term debt



3,685,230



3,912,102

Deferred income taxes



177,220



173,354








Redeemable noncontrolling interest



213,131



211,761








UHS common stockholders' equity



2,221,382



1,978,772

Noncontrolling interest



47,638



44,999

Total equity



2,269,020



2,023,771










$

7,605,931


$

7,527,936

Universal Health Services, Inc.

Consolidated Statements of Cash Flows

(in thousands)

(unaudited)


Nine months


ended September 30,


2011


2010



Cash Flows from Operating Activities:




Net income

$340,863


$224,979

Adjustments to reconcile net income to net




cash provided by operating activities:




Depreciation & amortization

220,208


163,066

Loss (gain) on sale of assets and businesses

164


(1,993)

Stock-based compensation expense

13,434


12,678

Changes in assets & liabilities, net of effects from




acquisitions and dispositions:




Accounts receivable

(103,700)


(6,751)

Accrued interest

13,143


8,437

Accrued and deferred income taxes

102,949


(2,656)

Other working capital accounts

(74,342)


26,697

Other assets and deferred charges

20,215


(2,526)

Other

4,146


(4,556)

Accrued insurance expense, net of commercial premiums paid

71,186


32,770

Payments made in settlement of self-insurance claims

(45,764)


(37,330)

Net cash provided by operating activities

562,502


412,815





Cash Flows from Investing Activities:




Property and equipment additions, net of disposals

(195,404)


(177,750)

Proceeds received from sale of assets and businesses

23,682


21,460

Restricted cash related to bond issuance held in escrow pending completion of PSI acquisition

0


(256,972)

Acquisition of property and businesses

(8,599)


0

Costs incurred for purchase and implementation of electronic health records application

(27,874)


(13,216)

Net cash used in investing activities

(208,195)


(426,478)





Cash Flows from Financing Activities:




Reduction of long-term debt

(267,539)


(194,600)

Additional borrowings

36,000


250,000

Financing costs

(23,559)


(5,016)

Repurchase of common shares

(44,532)


(3,963)

Dividends paid

(14,638)


(14,555)

Issuance of common stock

3,596


5,204

Profit distributions to noncontrolling interests

(33,962)


(23,558)

Proceeds from sale of noncontrolling interest in majority owned business

0


600

Net cash (used in) provided by financing activities

(344,634)


14,112





Increase in cash and cash equivalents

9,673


449

Cash and cash equivalents, beginning of period

29,474


9,180

Cash and cash equivalents, end of period

$39,147


$9,629





Supplemental Disclosures of Cash Flow Information:




Interest paid

$120,712


$33,584





Income taxes paid, net of refunds

$89,268


$113,521

Universal Health Services, Inc.

Supplemental Statistical Information

(un-audited)


























% Change


% Change








Quarter Ended


9 months ended



Same Facility:





9/30/2011


9/30/2011













Acute Care Hospitals










Revenues





3.1%


5.3%



Adjusted Admissions





-0.3%


-0.3%



Adjusted Patient Days





2.2%


2.0%



Revenue Per Adjusted Admission





3.5%


5.5%



Revenue Per Adjusted Patient Day





0.9%


3.3%























Behavioral Health Hospitals




















Revenues





6.8%


6.5%



Adjusted Admissions





7.9%


7.2%



Adjusted Patient Days





3.8%


3.0%



Revenue Per Adjusted Admission





-1.0%


-0.5%



Revenue Per Adjusted Patient Day





2.9%


3.7%











































UHS Consolidated



Third Quarter Ended


Nine months Ended




9/30/2011


9/30/2010


9/30/2011


9/30/2010











Revenues



$1,848,662


$1,323,264


$5,661,424


$4,008,732

EBITDA (1)



260,906


150,022


869,962


506,069

EBITDA Margin (1)



14.1%


11.3%


15.4%


12.6%











Cash Flow From Operations



206,726


185,091


562,502


412,815

Days Sales Outstanding



47


42


46


41

Capital Expenditures



79,164


56,110


195,404


177,750











Debt







3,687,741


759,624

Shareholders Equity







2,221,382


1,943,572

Debt / Total Capitalization







62.4%


28.1%

Debt / EBITDA (2)







3.42


1.14

Debt / Cash From Operations (2)







5.55


1.62





















Acute Care EBITDAR Margin (3)



12.3%


13.0%


15.1%


14.5%

Behavioral Health EBITDAR Margin (3)



25.5%


25.8%


25.5%


26.2%





















(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

SEPTEMBER 30, 2011






















AS REPORTED:






















ACUTE



BEHAVIORAL HEALTH





09/30/11

09/30/10

% change


09/30/11

09/30/10

% change












Hospitals owned and leased


21

21

0.0%


177

82

115.9%


Average licensed beds


5,739

5,689

0.9%


19,372

7,983

142.7%


Patient days


279,340

279,524

-0.1%


1,291,753

537,860

140.2%


Average daily census


3,036.3

3,038.3

-0.1%


14,040.8

5,846.3

140.2%


Occupancy-licensed beds


52.9%

53.4%

-0.9%


72.5%

73.2%

-1.0%


Admissions


63,305

64,969

-2.6%


89,952

36,564

146.0%


Length of stay


4.4

4.3

2.6%


14.4

14.7

-2.4%












Inpatient revenue


$2,888,527

$2,687,619

7.5%


$1,373,983

$550,613

149.5%


Outpatient revenue


1,435,706

1,246,661

15.2%


147,904

78,354

88.8%


Total patient revenue


4,324,233

3,934,280

9.9%


1,521,887

628,967

142.0%


Other revenue


20,934

16,878

24.0%


35,590

6,875

417.7%


Gross hospital revenue


4,345,167

3,951,158

10.0%


1,557,477

635,842

144.9%












Total deductions


3,348,954

2,985,351

12.2%


710,059

285,114

149.0%












Net hospital revenue


$996,213

$965,807

3.1%


$847,418

$350,728

141.6%
































SAME FACILITY:
































ACUTE



BEHAVIORAL HEALTH (1)





09/30/11

09/30/10

% change


09/30/11

09/30/10

% change












Hospitals owned and leased


21

21

0.0%


80

80

0.0%


Average licensed beds


5,739

5,689

0.9%


8,002

7,779

2.9%


Patient days


279,340

279,524

-0.1%


550,730

529,580

4.0%


Average daily census


3,036.3

3,038.3

-0.1%


5,986.2

5,756.3

4.0%


Occupancy-licensed beds


52.9%

53.4%

-0.9%


74.8%

74.0%

1.1%


Admissions


63,306

64,969

-2.6%


39,498

36,549

8.1%


Length of stay


4.4

4.3

2.6%


13.9

14.5

-3.8%









































(1)

Pennsylvania Clinical School is excluded in both current and prior years. King George School is excluded in both current and prior years from July 1st through September 30th. Facilities acquired in acquisition of Psychiatric Solutions are excluded in both current and prior years.


UNIVERSAL HEALTH SERVICES, INC.

SELECTED HOSPITAL STATISTICS

FOR THE NINE MONTHS ENDED

SEPTEMBER 30, 2011






















AS REPORTED:
































ACUTE



BEHAVIORAL HEALTH





09/30/11

09/30/10

% change


09/30/11

09/30/10

% change












Hospitals owned and leased


21

21

0.0%


177

82

115.9%


Average licensed beds


5,713

5,689

0.4%


19,391

7,978

143.1%


Patient days


872,945

871,525

0.2%


3,913,151

1,621,239

141.4%


Average daily census


3,197.6

3,192.4

0.2%


14,333.9

5,938.6

141.4%


Occupancy-licensed beds


56.0%

56.1%

-0.3%


73.9%

74.4%

-0.7%


Admissions


195,818

199,815

-2.0%


270,045

109,494

146.6%


Length of stay


4.5

4.4

2.2%


14.5

14.8

-2.1%












Inpatient revenue


$9,123,916

$8,095,552

12.7%


$4,169,827

$1,649,535

152.8%


Outpatient revenue


4,220,883

3,535,220

19.4%


455,247

238,318

91.0%


Total patient revenue


13,344,799

11,630,772

14.7%


4,625,074

1,887,853

145.0%


Other revenue


56,901

51,868

9.7%


105,121

22,507

367.1%


Gross hospital revenue


13,401,700

11,682,640

14.7%


4,730,195

1,910,360

147.6%












Total deductions


10,318,170

8,753,512

17.9%


2,169,220

853,442

154.2%












Net hospital revenue


$3,083,530

$2,929,128

5.3%


$2,560,975

$1,056,918

142.3%
































SAME FACILITY:
































ACUTE



BEHAVIORAL HEALTH (1)





09/30/11

09/30/10

% change


09/30/11

09/30/10

% change












Hospitals owned and leased


21

21

0.0%


80

80

0.0%


Average licensed beds


5,713

5,689

0.4%


8,024

7,834

2.4%


Patient days


872,945

871,525

0.2%


1,645,480

1,596,750

3.1%


Average daily census


3,197.6

3,192.4

0.2%


6,027.4

5,848.9

3.1%


Occupancy-licensed beds


56.0%

56.1%

-0.3%


75.1%

74.7%

0.6%


Admissions


195,818

199,815

-2.0%


117,487

109,451

7.3%


Length of stay


4.5

4.4

2.2%


14.0

14.6

-4.0%































(1)

Pennsylvania Clinical School is excluded in both current and prior years. King George School is excluded in both current and prior years from July 1st through September 30th. Facilities acquired in acquisition of Psychiatric Solutions are excluded in both current and prior years.

SOURCE Universal Health Services, Inc.

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