d********f 发帖数: 43471 | 1 购买商业健康保险的人群大跌,地富坏右爱去的好医院纷纷利润大跌,广大劳动人民喜
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| d********f 发帖数: 43471 | 4 Hospital stocks tanked Thursday after another big chain warned Wall Street
that it won't meet third-quarter earnings expectations.
Community Health Systems said Wednesday after markets closed that patient
admissions fell about 2 percent at its established locations in the quarter,
and it saw a decrease in the percentage of people covered by commercial
insurance, which offers the best reimbursement. The Franklin, Tenn.-based
chain expects adjusted earnings for the quarter that ends Sept. 30 to be 56
cents per share.
That falls well below the average of 72 cents per share expected on Wall
Street, according to FactSet.
Community's earnings preview came a week after HCA Holdings Inc. also said
it would miss expectations for the quarter and that it was hit by higher
labor costs and a greater percentage of uninsured patients.
Analysts say they don't see a lot of common themes in the previews so far,
and they aren't sure whether disappointing patient totals will stick around
at these hospitals.
Goldman Sachs analyst Matthew Borsch said in a research note that hospitals
have seen several quarters of patient growth as the Affordable Care Act
expanded patient coverage to the uninsured, and this may be a "big chill" on
that.
The timing of Labor Day also may have hurt hospitals in the third quarter,
BMO Capital Markets analyst Jen Lynch said. Labor Day fell later this year,
and patients general avoid scheduling inpatient procedures before the
holiday weekend and then immediately after it. That could have led to slower
-than-expected business in the quarter's final month.
Hospitals generally do more business in the year's final quarter. Many
patients by then have met their insurance deductibles, or the amounts they
have to pay out of pocket before most coverage starts. They then try to
schedule treatments like elective surgeries in the final months of the year
before the deductible renew in January. Lynch expects business to improve in
the fourth quarter.
"It just becomes a question of whether or not it meets expectations," she
said.
Community Health Systems Inc. runs 198 hospitals in 29 states, including in
Illinois and Missouri. It will announce full results from the quarter on Nov
. 2.
In August, the company announced plans to spin off 38 of its hospitals to a
new company called Quorum Health. The move affects all nine of Community
Health Systems hospitals in Illinois, including Gateway Regional Medical
Center in Granite City.
The other affected hospitals in Illinois are Union County Hospital in Anna,
Metro South Medical Center in Blue Island, Galesburg Cottage Hospital in
Galesburg, Heartland Regional Medical Center in Marion, Crossroads Community
Hospital in Mt. Vernon, Red Bud Regional Hospital in Red Bud, Vista Medical
Center in Waukegan, and Vista Medical Center in West Waukegan.
The company’s four Missouri hospitals — Moberly Regional Medical Center in
Moberly, Northeast Regional Medical Center in Kirksville, Poplar Bluff
Regional Medical Center in Poplar Bluff, and Twin Rivers Regional Medical
Center in Kennett — were not included in the Quorum spin-off.
Nashville, Tenn.-based HCA Holdings Inc. runs about 165 hospitals and 115
free-standing surgery centers in 20 states and England. It will discuss its
third quarter on Oct. 27.
Shares of Community Health fell 30 percent, or $12.14, to $28.41 in morning
trading, while broader indexes rose 1 percent. HCA dropped nearly 5 percent,
or $3.48, to $67.72. Other hospital stocks fell as well.
Tenet Healthcare Corp. was down nearly 14 percent, or $4.81, to $30, and
LifePoint Health Inc. fell 10.4 percent, or $7.53, to $64.58.
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