HMA reports expected quarterly, year-end operating results

Naples-based hospital operator Health Management Associates Inc. reported its expected operating results for the fourth quarter and year-end Monday.

For the fourth quarter, the company expects revenues of about $1.58 billion and earnings of 25 to 26 cents a share, excluding certain costs.

Included in the results is nearly $40 million in expense reductions for Medicare/Medicaid reimbursements and $4 million to $6 million in legal and other expenses related to an ongoing federal investigation. In August, the company disclosed that it had received federal subpoenas involving possible improperly submitted Medicare claims and physician referrals.

At its same-hospitals – or hospitals it has owned for at least a year – HMA expects surgeries to rise 0.5 percent and adjusted admissions to fall by at least 1 percent.

For the year, HMA expects to report revenues of $5.8 billion, excluding certain costs.

In a statement, Gary Newsome, the company’s president and CEO, described the results as strong in a “difficult operating environment.”

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