HCA Healthcare (HCA) investor relations material

2025 performance and strategic execution

• Achieved 2.4% adjusted admission growth across all 15 domestic divisions, serving 47 million patients.

• Improved EBITDA margin by 90 basis points to 20.6% through effective expense management.

• Managed challenges from Hurricane Helene in North Carolina and cost pressures in hospital-based physician services.

• Reduced hospital-based physician services cost growth from 20% to 10% after integrating Valesco.

• Continued disciplined capital allocation and investment in AI, digital capabilities, and network optimization.

Financial resiliency and operational initiatives

• Multi-year resiliency program targets $400 million in savings for 2026, focusing on revenue integrity, operations, asset optimization, and cost reduction.

• Leveraged benchmarking, analytics, AI, and shared service platforms to drive efficiencies.

• Revenue integrity efforts center on digital integration with payers to reduce denials and administrative costs.

• Asset optimization achieved a 2% reduction in length of stay in 2025, with ongoing benchmarking and best practice sharing.

• Structured approach to fixed and variable cost management, including labor, contract services, and vendor rationalization.

AI and digital transformation

• AI initiatives organized into administrative, operational, and clinical domains, with significant investments in technology and talent.

• Administrative AI focuses on revenue cycle improvements, such as managing denials and underpayments.

• Operational AI tools predict facility demand and optimize staffing and scheduling.

• Clinical AI enhances nurse handoffs and patient care efficiency.

• Innovation Hub hospitals pilot and scale proven AI solutions across the enterprise.