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HCA Healthcare HCA Medicaid — Revenues From Third Party Payers

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ARDTMedicaid — Third party payers, percentage of revenue
9.9%-0.1pp
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CYHMedicaid — Revenue
$497M+4.2%
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NHCMedicaid — Revenue (Gross)
$1.78M-4.7%
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UHSMedicaid — Revenue
$709.9M+34.7%
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RDNTMedicaid — Total consolidated revenues
$13.99M+19.7%
ARD
ARDTMedicaid — Net patient service revenue
$158.86M+6.4%

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 medicaid — revenues from third party payers?
HCA Healthcare (HCA) reported medicaid — revenues from third party payers of $1.44B in Q1 2026.
How has HCA Healthcare's medicaid — revenues from third party payers changed year-over-year?
HCA Healthcare's medicaid — revenues from third party payers increased by 21.3% year-over-year, from $1.19B to $1.44B.
What is the long-term trend for HCA Healthcare's medicaid — revenues from third party payers?
Over 4 years (2021 to 2025), HCA Healthcare's medicaid — revenues from third party payers has grown at a 26.7% compound annual growth rate (CAGR), from $2.29B to $5.91B.
What does medicaid — revenues from third party payers mean?
This metric represents the total gross revenue generated by the organization specifically from government-sponsored Medicaid programs. It reflects the volume and pricing of healthcare services provided to low-income or disabled patient populations covered under state-administered insurance plans. Monitoring this figure helps assess the organization's exposure to public health policy changes and state-level funding fluctuations.