Name: HCA Healthcare Inc. (NYSE:HCA) | Analysis of Revenues
Creator: Stock Analysis on Net

Analysis of Revenues

Revenues as Reported

Revenues as Reported

HCA Healthcare Inc., income statement, revenues

US$ in millions

12 months ended:	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017
Medicare	10,447)	10,420)	10,798)	9,831)	9,285)
Managed Medicare	8,424)	6,997)	6,452)	5,497)	4,680)
Medicaid	2,290)	1,965)	1,572)	1,358)	1,316)
Managed Medicaid	3,124)	2,621)	2,450)	2,403)	2,165)
Managed care and other insurers	30,295)	26,535)	26,544)	24,467)	23,342)
International (managed care and other insurers)	1,336)	1,120)	1,162)	1,156)	1,097)
Other	2,836)	1,875)	2,358)	1,965)	1,729)
Revenues	58,752)	51,533)	51,336)	46,677)	43,614)

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

Overall Revenue Trend: The total revenue demonstrated consistent growth from 2017 to 2021, increasing from $43,614 million in 2017 to $58,752 million in 2021. This reflects a substantial increase over the five-year period, indicating expanding business operations or increased service demand.
Medicare Revenue: Medicare revenue showed growth from 2017 through 2019, rising from $9,285 million to $10,798 million. However, it experienced a slight decline in 2020 to $10,420 million and then remained relatively stable with a marginal increase to $10,447 million in 2021.
Managed Medicare: Managed Medicare revenue exhibited strong and steady growth each year, increasing from $4,680 million in 2017 to $8,424 million in 2021. The growth rates suggest an increasing market share or customer base within the managed Medicare segment.
Medicaid Revenue: Medicaid revenues also increased consistently, from $1,316 million in 2017 to $2,290 million in 2021. Notably, the growth accelerated in 2020 and 2021, reflecting either expanded enrollment or increased reimbursement rates.
Managed Medicaid: Managed Medicaid followed a similar growth pattern, rising from $2,165 million in 2017 to $3,124 million in 2021. This steady increase indicates a successful expansion in managed care services related to Medicaid beneficiaries.
Managed Care and Other Insurers: This category maintained the highest revenue level among segments, increasing from $23,342 million in 2017 to $30,295 million in 2021. While the growth was gradual through 2019, revenues plateaued in 2020 before rebounding strongly in 2021.
International Managed Care and Other Insurers: International managed care revenues remained relatively flat between 2017 and 2020, fluctuating slightly around the $1,100 million mark. A modest increase to $1,336 million in 2021 suggests slow but positive growth in international markets.
Other Revenues: Revenues classified as 'Other' showed variability, increasing from $1,729 million in 2017 to a peak of $2,358 million in 2019, followed by a decline in 2020 to $1,875 million and a rebound in 2021 to $2,836 million. This volatility may indicate fluctuations in ancillary services or non-core business activities.

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