HCA’s profit dips to $1.2B as labor costs rise

Nashville, Tenn.-based HCA Healthcare saw its profit decline year over year in the first quarter of 2023.  The 182-hospital system reported revenues of $14.95 billion in the first quarter of this year, up from $13.98 billion in the same period of 2021. The for-profit hospital operator said same-facility admissions, emergency room visits and inpatient and outpatient surgeries increased year over year.  HCA reported higher expenses. Salaries and benefits climbed 10.1 percent year over year to $6.94 billion.