Acute-care hospi­tal stocks took a hit last week af­ter HCA pre­viewed thirdquar­ter earn­ings re­sults that were be­low ex­pec­ta­tions.

Modern Healthcare - - LATE NEWS -

Nashville-based HCA, the largest hospi­tal chain by rev­enue, typ­i­cally has the strong­est per­for­mance in its peer group, and its quar­terly earn­ings pre­views are con­sid­ered a bell­wether for the sec­tor. La­bor costs were the pri­mary drag on earn­ings, but in­vestors also fo­cused on an­other met­ric: a small in­crease in the num­ber of unin­sured ad­mis­sions. Same­hos­pi­tal unin­sured ad­mis­sions made up 8% of the to­tal in the third quar­ter, com­pared with 7.3% dur­ing the same pe­riod last year. Man­aged-care ad­mis­sions de­clined to 28.5% of the to­tal, down from 28.9%.

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