| Providers across the country are facing draining revenues as they suspend lucrative elective procedures to free up beds, staff and equipment for COVID-19 patients. HCA Healthcare reported profit of $581 million for the first quarter of 2020, down almost 45% year over year. HCA Healthcare missed Wall Street expectations for both earnings and revenue, chalking up the results to significantly lower patient volume in the last two weeks of the quarter ending March 31. Revenue was $12.86 billion, up 2.7% year over year. HCA, which has cared for 5,500 patients testing positive for COVID-19 so far, withdrew its 2020 guidance due to financial uncertainty from the pandemic. Its stock fell roughly 5% premarket on the ​results. |
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