HCA Healthcare Managed Medicare — Revenues From Third Party Payers Ratio increased by 6.4% to 18.4% in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 283.3%, from 4.8% to 18.4%.
An increase suggests a growing reliance on managed Medicare, which may impact overall margins depending on the relative profitability of these plans compared to commercial insurance.
This ratio measures the proportion of total third-party payer revenue that is specifically derived from managed Medicare...
Similar to 'Payer Mix' or 'Revenue Concentration' metrics used by large hospital systems to benchmark their dependency on specific insurance segments.
hca_segment_managed_medicare_revenues_from_third_party_payers_ratio| Q2 '21 | Q3 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | 14.6% | 13.9% | 15.6% | 15.2% | 14.9% | 16.4% | 16% | 15.6% | 17.4% | 16.7% | 16.9% | 4.8% | 18% | 17.3% | 18.4% |
| QoQ Change | — | -4.8% | +12.2% | -2.6% | -2.0% | +10.1% | -2.4% | -2.5% | +11.5% | -4.0% | +1.2% | -71.6% | +275.0% | -3.9% | +6.4% |
| YoY Change | — | — | — | +4.1% | +7.2% | +5.1% | +5.3% | +4.7% | +6.1% | +4.4% | +8.3% | -72.4% | +7.8% | +2.4% | +283.3% |