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Garden Park Medical Center

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About Garden Park Medical Center

HCA dispenses TLC for a profit. HCA Holdings, through HCA, Inc. (Hospital Corporation of America) operates more than 160 acute care, psychiatric, and rehabilitation hospitals in the US and UK. It also runs more than 100 ambulatory surgery centers, as well as cancer treatment and outpatient rehab centers, that form health care networks in many of the – more... communities it serves. In total its hospitals are home to more than 40,500 beds. HCA's facilities are located in 20 states; roughly half of its hospitals are in Florida and Texas. HCA International operates hospitals and clinics in the UK.  In 2011, HCA Holdings went public through a $3.8 billion IPO.  In 2011, HCA Holdings went public through a $3.8 billion IPO.

IPO

HCA used its IPO proceeds to repay certain portions of its debt, as well as for general corporate purposes. Though it runs a profitable business, the highly leveraged firm has a steep debt total of some $27 billion.

Operations

HCA is the largest for-profit hospital operator in the country, providing about 5% of all US hospital services. Most of its hospitals are in high-growth urban and suburban markets. The vast majority of its operations are general acute care hospitals that offer a full range of inpatient services in medical specialties such as internal medicine, general surgery, cardiology, oncology, neurosurgery, orthopedics, and obstetrics. HCA ranks first or second in terms of inpatient market share in many of its key markets.

The hospital group also operates a handful of psychiatric facilities and a rehabilitation hospital, and counts on a diversified service line and revenue base to help spread its financial risk around. Diversification also helps limit the company's exposure to increased competition.

Sales & Marketing

Managed care contracts with insurance firms account for more than half of the hospital operator's patient income. Medicare and Medicaid are HCA's second biggest payers, accounting for more than 40% of its revenues in 2011.

Financial Analysis

HCA's revenues have increased steadily to $29.6 billion in 2011, an increase of 6% over 2010. The increases have come from the combination of more patient admissions and finding additional ways to bill for services once the patient is admitted. However, the company's revenues are actually what is left after it deducts the "doubtful accounts" of patients who could not pay their bills. Such deductions held right around 9% of its total revenues in 2010 and 2011 -- an improvement from 2009 when 12% of its revenues were offset by doubtful accounts. Its net income jumped in 2011 to $2.47 billion partly as a result of selling some facilities and the retirement of some debt.

Strategy

HCA's general strategy for growth includes increased services and diversified acquisitions. The company expands in its selected markets by acquiring hospitals and by retaining patients at its existing facilities with a broad range of services. It is particularly interested in bolstering its outpatient offerings, as well as specialty services in high-margin fields such as orthopedics and cardiology.

In addition, it plans to move its infrastructure forward with the expansion of electronic health record keeping (for which it receives governmental incentive payments) and transcription services, and it is implementing a number of other safety and quality initiatives to reduce costs of care.

HCA takes advantage of its national scale (and its position as the leading health care provider in many communities) to negotiate advantageous purchasing contracts with its suppliers. It also seeks to increase profits by entering into favorable reimbursement terms with managed care companies.

Mergers & Acquisitions

In mid-2011 the company moved forward with its growth initiatives by acquiring full ownership of the HCA-HealthONE entity, a hospital system in Denver. HCA and Colorado Health Foundation (CHF) had operated the system as a joint venture since 1995. HCA purchased CHF's 40% stake in HCA-HealthONE for $1.45 billion to expand its services in the region.

In early 2012 the company expanded again through the purchase of the Galichia Heart Hospital in Wichita, Kansas, for an undisclosed price. HCA also occasionally divests facilities that it deems noncore to its strategy.

Ownership

The private investor group that put HCA on the public market retains a 60% stake following the company's 2011 IPO. The group, collectively known as Hercules Holding II, includes co-founder Thomas Frist Jr., as well as Bain Capital, Kohlberg Kravis Roberts, Merrill Lynch's private equity arm, and other members of HCA management.  – less

Garden Park Medical Center Employer Reviews

supervisor (Current Employee), Gulfport , msAugust 20, 2014
Manager (Former Employee), Gulfport, MSNovember 24, 2013
Supervisor (Former Employee), Gulfport, MSOctober 28, 2013
Nusing Assistant (Current Employee), Gulfport, MSSeptember 27, 2013
Licensed Practical Nurse (Former Employee), Gulfport, MSSeptember 6, 2013

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Working at Garden Park Medical Center