A Kaulkin Media Publication
September 6, 2008

UHS Profits Increase 30%, Despite $21 Million Bad Debt Set Aside

April 28, 2008
 
Digg!
What's this?

United Health Services said today it set aside $120.9 million for doubtful accounts in its first quarter ended March 31, up from $99 million during the year ago period. The King of Prussia, Pa.-based hospital operator said it also provided $151 million in charity care and uninsured discounts, compared to $127 million in the year earlier.

Consumer bankruptcy is our only focus: We can help.
B-Line, LLC

Bankruptcy is on the rise. Are you getting the best return on your consumer bankruptcy debt?

Learn More...

Despite the increased expenses, United Health Services said it profits increased 30 percent to $61.7 million or $1.20 a share, in the quarter, up from $49.5 million or 92 cents a share. Excluding items related to hurricane expenses and a gain from the sale of land, UHS earned 89 cents per share, meeting analysts’ expectations. Net revenues increased 8 percent to $1.3 billion in the quarter versus $1.2 billion a year earlier.

UHS’s Behavioral Health Care business continued to perform strong. The company said inpatient admissions rose 8 percent during the quarter and patient days in hospital rose 6.3 percent.

UHS forecast 2008 earnings would come in between $3.70 to $3.80 per share.
Interested in more stories like this?
Tell us what topics you're interested in and we'll keep you posted. Enter your email address below.
Interior Concepts
AR Connection
ARconnection
Admerex
  • ICEware
  • Premiere Global
  • Interactive Data
  • PSC Info.
  • Interior Concepts