HCA Healthcare Inc at RBC Capital Markets Global Healthcare Conference Transcript

May 16, 2023 / 01:00PM GMT
Benjamin Hendrix - RBC Capital Markets, Research Division - Assistant VP

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William B. Rutherford - HCA Healthcare, Inc. - Executive VP & CFO

So we base our go-forward assumptions on. You get a little forward visibility, you can look in physician clinic office, you can look at surgical schedules. But our real volume kind of assessment comes from just predictive patterns we've seen in our markets. And we've said, really, as we went through '22, we see a return to normal and historical volume patterns coming off at least a post-COVID surge environment. And we started to see building momentum in the marketplace, good volume, good demand last half of '22. As we turn the calendar into '23, that momentum continued.

And we were very pleased with the volume trends we saw in the first quarter. Obviously, first quarter, we still had a comp from COVID activity in the first quarter of '22. And so as we go through the balance of '23, we continue to believe this return to normal trends makes sense for us. But we're very pleased with the volume

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