HCA Holdings, Inc. operates as a health care services company in the United States. The company’s facilities are located in 20 states and England. As of December 31, 2014, the company operated 166 hospitals, consisted of 162 general, acute care hospitals; 3 psychiatric hospitals; and 1 rehabilitation hospital. In addition, it operated 113 freestanding surgery centers. The company owns, manages or operates hospitals, freestanding surgery centers, diagnostic and imaging centers, radiation and oncology therapy centers, rehabilitation and physical therapy centers and various other facilities. As of December 31, 2014, the company owned and operated 162 general, acute care hospitals with 42,860 licensed beds. Most of the company’s general, acute care hospitals provide medical and surgical services, including inpatient care, intensive care, cardiac care, diagnostic services and emergency services. The general, acute care hospitals also provide outpatient services, such as outpatient surgery, laboratory, radiology, respiratory therapy, cardiology and physical therapy. Each hospital has an organized medical staff and a local board of trustees or governing board, made up of members of the local community. As of December 31, 2014, the company operated 3 psychiatric hospitals with 396 licensed beds. Its psychiatric hospitals provide therapeutic programs, including child, adolescent and adult psychiatric care, adult and adolescent alcohol and drug abuse treatment and counseling. The company also operates outpatient health care facilities, which include freestanding ambulatory surgery centers (ASCs), freestanding emergency care facilities, diagnostic and imaging centers, comprehensive outpatient rehabilitation and physical therapy centers, outpatient radiation and oncology therapy centers and various other facilities. Majority of the company’s ASCs are operated through partnerships or limited liability companies, with majority ownership of each partnership or limited liability company typically held by a general partner or member that is an affiliate of the company. Certain of the company’s affiliates provide various management services to its health care facilities, including patient safety programs, ethics and compliance programs, national supply contracts, equipment purchasing and leasing contracts, accounting, financial and clinical systems, governmental reimbursement assistance, construction planning and coordination, information technology systems and solutions, legal counsel, human resources services and internal audit services. The company’s general, acute care hospitals typically provide a range of services to accommodate such medical specialties as internal medicine, general surgery, cardiology, oncology, neurosurgery, orthopedics and obstetrics, as well as diagnostic and emergency services. Outpatient and ancillary health care services are provided by the company’s general, acute care hospitals, freestanding surgery centers, freestanding emergency care facilities, diagnostic centers and rehabilitation facilities. Its psychiatric hospitals provide a range of mental health care services through inpatient, partial hospitalization and outpatient settings. The company receives payments for patient services from the federal government under the Medicare program, state governments under their respective Medicaid or similar programs, managed care plans (includes plans offered through the health insurance exchanges, beginning in 2014), private insurers and directly from patients. Business Strategy The key elements of the company’s strategy include growing its presence in existing markets; achieving industry-leading performance in clinical and satisfaction measures; recruiting and employing physicians to meet the need for high quality health services; continuing to leverage its scale and market positions to enhance profitability; and selectively pursue a disciplined development strategy. Regulation and Other Factors Each of the company’s acute care hospitals located in the United States is eligible to participate in Medicare and Medicaid programs and is accredited by The Joint Commission. The company has adopted and distributed policies pertaining to the federal False Claims Act and relevant state laws. The company’s hospitals in the United States are subject to the Emergency Medical Treatment and Labor Act. Significant Events The Harvard Pilgrim Health Care Institute has entered a research partnership agreement with Hospital Corporation of America (HCA), in a bid to work jointly to carry out a broad portfolio of research studies. History HCA Holdings, Inc. was founded in 1968. The company was incorporated in Nevada in 1990 and reincorporated in Delaware in 1993.
hca holdings inc (HCA:New York)
One Park Plaza
Nashville, TN 37203
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