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HCA Healthcare HCA Medicare — Revenues From Third Party Payers

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ARDTMedicare — Third party payers, percentage of revenue
41.8%+2.0pp
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ARDTMedicare — Net patient service revenue
$669.17M+12.3%

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$86.89B-4.7%
Enterprise value$135.8B-4.2%
P/E12.8×-2.5×
P/S1.1×-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 medicare — revenues from third party payers?
HCA Healthcare (HCA) reported medicare — revenues from third party payers of $3.06B in Q1 2026.
How has HCA Healthcare's medicare — revenues from third party payers changed year-over-year?
HCA Healthcare's medicare — revenues from third party payers increased by 5.6% year-over-year, from $2.9B to $3.06B.
What is the long-term trend for HCA Healthcare's medicare — revenues from third party payers?
Over 4 years (2021 to 2025), HCA Healthcare's medicare — revenues from third party payers has grown at a 1.9% compound annual growth rate (CAGR), from $10.45B to $11.27B.
What does medicare — revenues from third party payers mean?
This metric measures the total gross revenue generated from services provided to patients covered by Medicare. It reflects the scale of the company's operations within the government-funded healthcare sector and the volume of care delivered to the elderly and disabled populations. Tracking this figure allows investors to evaluate the growth trajectory of the Medicare business line independently of other payer segments.