|Day's Range||1.1500 - 1.3500|
Hospital stocks gain from a less-than-expected strict price transparency rule and health insurers' optimism on a likely rise in profitability from a low-cost plan.
A popular exchange-traded fund that tracks the health-care sector saw its best daily return in 10 months on Friday after the Trump administration proposed new rules aimed at making health-care prices more transparent. The SPDR Health Care Select Sector ETF posted a 2.1%, marking its best day since Jan. 4, when it rose 2.98%, according to FactSet data. The Trump administration proposed a rule that would require health insurers to disclose estimated out-of-pocket costs, including negotiated rates, to patients in advance of a procedure or office visit. It also finalized a rule requiring hospitals to make transparent the prices they charge patients starting in 2021. It's possible that the stocks gained on doubts on how the rules would be enforced. "While the Trump administration's new hospital price transparency requirement is quite sweeping, the enforcement of it is quite weak - a maximum fine of $300 per day," Kaiser Family Foundation executive Larry Levitt wrote on Twitter. Shares of UnitedHealth Group Inc. , which is the largest health insurer in the U.S., and Anthem Inc. each rose roughly 5%. Shares of Tenet Healthcare Corp. and HCA Healthcare Inc. , both large hospital operators, were up at least 2%. The S&P 500 is up 24.4% year-to-date.
President Donald Trump on Friday attacked the former U.S. ambassador to Ukraine as she was testifying in Democrats’ impeachment probe, and announced a new rule on hospital prices.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
The Dallas-based acquirer operates 18 specialty hospitals in Texas, Oklahoma, Louisiana, Arkansas, Arizona and West Virginia.
Charles Gressle will take over as president of HCA Healthcare’s East Florida Division Dec. 1. Gressle will succeed Michael Joseph, who will retire after 31 years with HCA (NYSE: HCA) in South Florida. Joseph served 12 years as president of the East Florida Division.
"Unfortunately, there just is not enough time left before the closing deadline to get these issues worked out," the businessman said in a statement.
HCA Healthcare (HCA), today announced that Charles Gressle has been named president of HCA Healthcare’s Fort Lauderdale-based East Florida Division, effective December 1. Gressle will assume leadership from Michael Joseph, who is retiring after 31 years with the Company. Gressle, who has been with HCA Healthcare for 14 years, is currently chief administrative officer for the East Florida Division, where he has direct oversight of several hospitals and division-wide initiatives.
The program is the latest in a burst of tech education initiatives Nashville has seen in recent months, including one from Amazon.
In this article we are going to estimate the intrinsic value of HCA Healthcare, Inc. (NYSE:HCA) by taking the foreast...
HCA Healthcare (HCA) seems to be a good value pick, as it has decent revenue metrics to back up its earnings, and is seeing solid earnings estimate revisions as well.
Developments in Breast Health and Molecular Diagnostics businesses are likely to have aided Hologic's (HOLX) performance in fourth-quarter fiscal 2019.
The Dow Jones Industrial Average was close to flat as markets hugged close to the break-even line after Monday’s record close for the S&P 500 and President Donald Trump reported trade talk progress.
HCA (HCA) delivered earnings and revenue surprises of 4.21% and 1.55%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?
Hospital operator HCA Healthcare Inc. said Tuesday it had net income of $612 million, or $1.76 a share, in the third quarter, down from $759 million, or $2.15 a share, in the year-earlier period. The company said the 2019 quarter included losses on retirement of debt equal to 47 cents a share. Revenue rose to $12.694 billion from $11.451 billion. The FactSet consensus was for EPS of $2.13 and revenue of $12.495 billion. HCA said same facility admissions rose 3.2% and equivalent admissions rose 4.2%. The company is now expecting full-year EPS of $10.30 to $10.65 on revenue of $50.5 billion to $51.5 billion. Shares rose 4.4% in premarket trade, and have gained 1.9% in 2019 through Monday, while the S&P 500 has gained 21%.