Universal Health Services Inc. (UHS, Financial) filed Quarterly Report for the period ended 2010-03-31.
Universal Health Services Inc. has a market cap of $3.45 billion; its shares were traded at around $35.03 with a P/E ratio of 13.8 and P/S ratio of 0.7. The dividend yield of Universal Health Services Inc. stocks is 0.5%. Universal Health Services Inc. had an annual average earning growth of 11.9% over the past 10 years. GuruFocus rated Universal Health Services Inc. the business predictability rank of 4.5-star.UHS is in the portfolios of Westport Asset Management, Private Capital of Private Capital Management, Chris Shumway of Shumway Capital Partners LLC, Edward Owens of Vanguard Health Care Fund, Andreas Halvorsen of Viking Global Investors LP, Jim Simons of Renaissance Technologies LLC, Chris Davis of Davis Selected Advisers, Steven Cohen of SAC Capital Advisors, Chuck Royce of Royce& Associates, George Soros of Soros Fund Management LLC.
Revenue recognition: We record revenues and related receivables for health care services at the time the services are provided. Medicare and Medicaid revenues represented 38% of our net patient revenues during each of the three-month periods ended March 31, 2010 and 2009. Revenues from managed care entities, including health maintenance organizations and managed Medicare and Medicaid programs, accounted for 45% and 46% of our net patient revenues during the three-month periods ended March 31, 2010 and 2009, respectively.
Inpatient admissions and adjusted admissions (adjusted for outpatient activity) to our acute care facilities increased 0.6% and 1.8%, respectively, during the three-month period ended March 31, 2010 as compared to the comparable period of the prior year. Patient days and adjusted patient days decreased 0.5% and increased 0.6%, respectively, during the three-month period ended March 31, 2010 as compared to the comparable prior year period. The average length of inpatient stay at these facilities was 4.5 days during each of the three-month periods ended March 31, 2010 and 2009. The occupancy rate, based on the average available beds at these facilities, was 63% and 67% during the three-month periods ended March 31, 2010 and 2009, respectively. During the three-month period ended March 31, 2010, net revenue per adjusted admission increased 1.3% and net revenue per adjusted patient day increased 2.5%, as compared to the comparable quarter of the prior year.
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Universal Health Services Inc. has a market cap of $3.45 billion; its shares were traded at around $35.03 with a P/E ratio of 13.8 and P/S ratio of 0.7. The dividend yield of Universal Health Services Inc. stocks is 0.5%. Universal Health Services Inc. had an annual average earning growth of 11.9% over the past 10 years. GuruFocus rated Universal Health Services Inc. the business predictability rank of 4.5-star.UHS is in the portfolios of Westport Asset Management, Private Capital of Private Capital Management, Chris Shumway of Shumway Capital Partners LLC, Edward Owens of Vanguard Health Care Fund, Andreas Halvorsen of Viking Global Investors LP, Jim Simons of Renaissance Technologies LLC, Chris Davis of Davis Selected Advisers, Steven Cohen of SAC Capital Advisors, Chuck Royce of Royce& Associates, George Soros of Soros Fund Management LLC.
Highlight of Business Operations:
Net revenues from our acute care hospitals, surgical hospitals, surgery centers and radiation oncology centers accounted for 74% of our consolidated net revenues during each of the three-month periods ended March 31, 2010 and 2009. Net revenues from our behavioral health care facilities accounted for 26% and 25% of our consolidated net revenues during the three-month periods ended March 31, 2010 and 2009, respectively. Approximately 1% of our consolidated net revenues during the three-month period ended March 31, 2009 were recorded in connection with a construction management contract pursuant to the terms of which we built a newly constructed acute care hospital for an unrelated party that was completed during the fourth quarter of 2009.Revenue recognition: We record revenues and related receivables for health care services at the time the services are provided. Medicare and Medicaid revenues represented 38% of our net patient revenues during each of the three-month periods ended March 31, 2010 and 2009. Revenues from managed care entities, including health maintenance organizations and managed Medicare and Medicaid programs, accounted for 45% and 46% of our net patient revenues during the three-month periods ended March 31, 2010 and 2009, respectively.
Inpatient admissions and adjusted admissions (adjusted for outpatient activity) to our acute care facilities increased 0.6% and 1.8%, respectively, during the three-month period ended March 31, 2010 as compared to the comparable period of the prior year. Patient days and adjusted patient days decreased 0.5% and increased 0.6%, respectively, during the three-month period ended March 31, 2010 as compared to the comparable prior year period. The average length of inpatient stay at these facilities was 4.5 days during each of the three-month periods ended March 31, 2010 and 2009. The occupancy rate, based on the average available beds at these facilities, was 63% and 67% during the three-month periods ended March 31, 2010 and 2009, respectively. During the three-month period ended March 31, 2010, net revenue per adjusted admission increased 1.3% and net revenue per adjusted patient day increased 2.5%, as compared to the comparable quarter of the prior year.
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