HCA Healthcare, Inc. - HCA STOCK NEWS

HCA Healthcare (NYSE: HCA) will present at three healthcare conferences in November 2022. The first is on November 8 at 9:50 am PST during the Credit Suisse 31st Annual Healthcare Conference in Rancho Palos Verdes, CA. The second presentation is on November 16 at 8:40 am EST at the 4th Annual Wolfe Research Healthcare Conference in New York, NY. Lastly, on November 17 at 2:00 pm CST, they will participate in the Stephens Annual Investment Conference in Nashville, TN. Live audio webcasts and materials will be available on their website.

HCA Healthcare (NYSE:HCA) announced its fourth annual 'Crush the Crisis' opioid take back day on October 29, 2022, to combat opioid misuse. Over 100 facilities will partner with local law enforcement to collect unused medications. In 2021, over 107,000 drug overdose deaths occurred in the U.S., marking a 15% increase from 2020. Last year's event collected 15,566 pounds of medication. HCA Healthcare has donated $750,000 to develop safer pain management protocols and utilizes big data from 35 million patient encounters to enhance care.

HCA Healthcare, one of the leading healthcare providers in the U.S., announced a significant organizational change effective January 1, 2023. This involves creating a third operating group to enhance alignment with the company’s strategy and improve long-term performance. Jon Foster has been promoted to Executive Vice President & Chief Operating Officer, overseeing key operational areas. Additionally, several leadership promotions were announced across various divisions. This restructuring aims to streamline decision-making and provide focused support for the company’s networks.

HCA Healthcare reported third-quarter 2022 results, revealing revenues of $14.971 billion, a decrease from $15.276 billion in Q3 2021. Net income fell to $1.134 billion, or $3.91 per diluted share, compared to $2.269 billion, or $7.00 per diluted share, last year. Adjusted EBITDA was $2.902 billion, down from $3.224 billion. Same facility admissions declined by 1.5%, while equivalent admissions increased 2.3%. Hurricane Ian impacted operations with estimated costs of $35 million. The company also declared a quarterly dividend of $0.56 per share, payable on December 28, 2022.

The American Heart Association's initiative, Getting to the Heart of Stroke, is launched with HCA Healthcare to enhance stroke prevention and treatment. This program emphasizes education for communities and health professionals, focusing on reducing health disparities. The initiative will roll out individualized health education in 15 local markets across the U.S., promoting collaboration between neurology and cardiology. It aims to empower consumers to manage stroke risks and improve overall health outcomes, particularly for vulnerable populations.

HCA Healthcare has announced a $1.5 million donation to Fisk University to fund scholarships for nursing students. This donation is part of HCA's commitment to allocate $10 million over three years to Historically Black Colleges and Universities (HBCUs) and Hispanic Serving Institutions (HSIs). To date, HCA has pledged roughly $6.75 million in scholarships. This initiative aims to enhance diversity in the healthcare workforce by providing educational support and career guidance to students pursuing a Bachelor of Science in Nursing at Galen College of Nursing.

HCA Healthcare has announced a generous $1.5 million donation to Tennessee State University (TSU) aimed at creating scholarship opportunities for students in healthcare and computer science. This donation is part of HCA's broader commitment to invest $10 million over three years in Historically Black Colleges and Universities (HBCUs) and Hispanic Serving Institutions (HSIs). This investment supports scholarships and mentorship programs, enhancing diversity in healthcare.