Universal Health Services Inc at RBC Capital Markets Global Healthcare Conference Transcript

Jan 23, 2024

May 17, 2022 / 01:30PM GMT
Benjamin Hendrix - RBC Capital Markets, Research Division - Assistant VP

Okay. Looks like we're ready to go. Good morning, everyone. My name is Ben Hendrix. I'm the health care services and managed care analyst here at RBC. And with me here today is Steve Filton, Executive Vice President and CFO of Universal Health Services, ticker, UHS, the operator of behavioral and acute care hospitals.

Questions and Answers:

Benjamin Hendrix - RBC Capital Markets, Research Division - Assistant VP

And so we'll just start with a little conversation about the first quarter call. You noted consistent with your fourth quarter results, that labor headwinds impacted UHS' acute and behavioral businesses in different ways. Can you go into more detail about how the industry-wide nursing shortage is impacting your businesses?

Steve G. Filton - Universal Health Services, Inc. - Executive VP, CFO & Secretary

Yes. I mean so the labor shortage, the sort of dissonance between labor supply and demand, I think, has really been present and

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