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HCA Healthcare HCA Managed Medicaid — Revenues From Third Party Payers

Similar metrics at other companies

Universal Health Services logo
UHSManaged Medicaid — Revenue
$646.6M+7.3%
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CYHMedicaid — Revenue
$497M+4.2%
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CYHManaged Care And Other Third Party Payors — Revenue
$1.35B-8.1%
ARD
ARDTMedicaid — Net patient service revenue
$158.86M+6.4%
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ARDTMedicaid — Third party payers, percentage of revenue
9.9%-0.1pp
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CNCMedicaid — Total revenues
$28.89B+9.3%

Other financials

Income statement

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Revenue$19.1B+4.3%
Net income$1.6B+0.6%
EPS (diluted)$7.15+10.9%

Balance sheet

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Cash & equivalents$940.0M-11.3%
Total debt$49.8B+7.3%
Total equity-$6.3B-79.1%
Total assets$61.5B+2.8%

Cash flow

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Operating cash flow$2.0B+22.0%
CapEx$1.1B+12.9%
Free cash flow$895.0M+35.6%

Valuation

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Market cap$90.73B-0.5%
Enterprise value$139.64B-1.5%
P/E13.4×-1.9×
P/S1.2×-0.1×

Profitability

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Net margin8.9%+0.8pp
FCF margin10.4%+3.5pp

Returns & leverage

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Return on equity-138.3%
Debt / equity132.8×
Current ratio0.8×-0.4×

Where this comes from

Reported directly by HCA Healthcare in its filing.

Tagged under the XBRL concept hca:RevenuesFromThirdPartyPayers.

The official record: HCA Healthcare’s 10-Q, filed April 29, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is HCA Healthcare's managed medicaid — revenues from third party payers?
HCA Healthcare (HCA) reported managed medicaid — revenues from third party payers of $939M in Q1 2026.
How has HCA Healthcare's managed medicaid — revenues from third party payers changed year-over-year?
HCA Healthcare's managed medicaid — revenues from third party payers increased by 6.8% year-over-year, from $879M to $939M.
What is the long-term trend for HCA Healthcare's managed medicaid — revenues from third party payers?
Over 4 years (2021 to 2025), HCA Healthcare's managed medicaid — revenues from third party payers has grown at a 4.3% compound annual growth rate (CAGR), from $3.12B to $3.69B.
What does managed medicaid — revenues from third party payers mean?
This metric quantifies the total gross revenue generated by a specific business segment through managed Medicaid third-party payer arrangements. It reflects the scale of the organization's participation in state-managed healthcare programs and the volume of services provided to this specific patient demographic. Monitoring this figure provides insight into the segment's growth trajectory within the government-sponsored healthcare market.