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Revenue Recognition (Tables)
6 Months Ended
Jun. 30, 2025
Revenue from Contract with Customer [Abstract]  
Schedule of Disaggregates Revenue by Major Source

The following table disaggregates our revenue by major source for the three and six-month periods ended June 30, 2025 and 2024 (in thousands):

Note: prior year amounts related to certain facilities previously included in our Behavioral Health Care Services’ results have been reclassified into our Acute Care Hospital Services' results as of May 1, 2024 to conform with current year presentation.

 

 

For the three months ended June 30, 2025

 

 

Acute Care

 

 

Behavioral Health

 

 

Other

 

 

Total

 

Medicare

$

375,454

 

 

16

%

 

$

73,793

 

 

4

%

 

 

 

 

$

449,247

 

 

10

%

Managed Medicare

 

412,153

 

 

17

%

 

 

107,019

 

 

6

%

 

 

 

 

 

519,172

 

 

12

%

Medicaid

 

281,157

 

 

12

%

 

 

362,963

 

 

19

%

 

 

 

 

 

644,120

 

 

15

%

Managed Medicaid

 

170,180

 

 

7

%

 

 

449,428

 

 

24

%

 

 

 

 

 

619,608

 

 

14

%

Managed Care (HMO and PPOs)

 

810,631

 

 

34

%

 

 

417,222

 

 

22

%

 

 

 

 

 

1,227,853

 

 

29

%

UK Revenue

 

0

 

 

0

%

 

 

246,906

 

 

13

%

 

 

 

 

 

246,906

 

 

6

%

Other patient revenue and adjustments, net

 

147,114

 

 

6

%

 

 

162,940

 

 

9

%

 

 

 

 

 

310,054

 

 

7

%

Other non-patient revenue

 

204,345

 

 

9

%

 

 

59,805

 

 

3

%

 

 

2,706

 

 

 

266,856

 

 

6

%

Total Net Revenue

$

2,401,034

 

 

100

%

 

$

1,880,076

 

 

100

%

 

$

2,706

 

 

 

4,283,816

 

 

100

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the six months ended June 30, 2025

 

 

Acute Care

 

 

Behavioral Health

 

 

Other

 

 

Total

 

Medicare

$

767,015

 

 

16

%

 

$

150,271

 

 

4

%

 

 

 

 

$

917,286

 

 

11

%

Managed Medicare

 

832,015

 

 

18

%

 

 

207,456

 

 

6

%

 

 

 

 

 

1,039,471

 

 

12

%

Medicaid

 

532,022

 

 

11

%

 

 

639,006

 

 

18

%

 

 

 

 

 

1,171,028

 

 

14

%

Managed Medicaid

 

328,594

 

 

7

%

 

 

893,843

 

 

25

%

 

 

 

 

 

1,222,437

 

 

15

%

Managed Care (HMO and PPOs)

 

1,590,779

 

 

33

%

 

 

821,875

 

 

23

%

 

 

 

 

 

2,412,654

 

 

29

%

UK Revenue

 

0

 

 

0

%

 

 

473,974

 

 

13

%

 

 

 

 

 

473,974

 

 

6

%

Other patient revenue and adjustments, net

 

296,340

 

 

6

%

 

 

323,787

 

 

9

%

 

 

 

 

 

620,127

 

 

7

%

Other non-patient revenue

 

403,498

 

 

8

%

 

 

117,513

 

 

3

%

 

 

5,548

 

 

 

526,559

 

 

6

%

Total Net Revenue

$

4,750,263

 

 

100

%

 

$

3,627,725

 

 

100

%

 

$

5,548

 

 

$

8,383,536

 

 

100

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the three months ended June 30, 2024

 

 

Acute Care

 

 

Behavioral Health

 

 

Other

 

 

Total

 

Medicare

$

338,635

 

 

16

%

 

$

75,773

 

 

4

%

 

 

 

 

$

414,408

 

 

11

%

Managed Medicare

 

370,108

 

 

17

%

 

 

102,584

 

 

6

%

 

 

 

 

 

472,692

 

 

12

%

Medicaid

 

240,577

 

 

11

%

 

 

292,391

 

 

17

%

 

 

 

 

 

532,968

 

 

14

%

Managed Medicaid

 

154,550

 

 

7

%

 

 

414,447

 

 

24

%

 

 

 

 

 

568,997

 

 

15

%

Managed Care (HMO and PPOs)

 

706,268

 

 

32

%

 

 

420,929

 

 

24

%

 

 

 

 

 

1,127,197

 

 

29

%

UK Revenue

 

0

 

 

0

%

 

 

212,706

 

 

12

%

 

 

 

 

 

212,706

 

 

5

%

Other patient revenue and adjustments, net

 

134,201

 

 

6

%

 

 

150,094

 

 

9

%

 

 

 

 

 

284,295

 

 

7

%

Other non-patient revenue

 

234,347

 

 

11

%

 

 

57,108

 

 

3

%

 

 

2,886

 

 

 

294,341

 

 

8

%

Total Net Revenue

$

2,178,686

 

 

100

%

 

$

1,726,032

 

 

100

%

 

$

2,886

 

 

$

3,907,604

 

 

100

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the six months ended June 30, 2024

 

 

Acute Care

 

 

Behavioral Health

 

 

Other

 

 

Total

 

Medicare

$

687,722

 

 

16

%

 

$

152,589

 

 

5

%

 

 

 

 

$

840,311

 

 

11

%

Managed Medicare

 

743,509

 

 

17

%

 

 

198,658

 

 

6

%

 

 

 

 

 

942,167

 

 

12

%

Medicaid

 

475,439

 

 

11

%

 

 

540,754

 

 

16

%

 

 

 

 

 

1,016,193

 

 

13

%

Managed Medicaid

 

313,909

 

 

7

%

 

 

837,755

 

 

25

%

 

 

 

 

 

1,151,664

 

 

15

%

Managed Care (HMO and PPOs)

 

1,405,053

 

 

32

%

 

 

825,102

 

 

24

%

 

 

 

 

 

2,230,155

 

 

29

%

UK Revenue

 

0

 

 

0

%

 

 

420,502

 

 

12

%

 

 

 

 

 

420,502

 

 

5

%

Other patient revenue and adjustments, net

 

257,534

 

 

6

%

 

 

294,225

 

 

9

%

 

 

 

 

 

551,759

 

 

7

%

Other non-patient revenue

 

480,601

 

 

11

%

 

 

112,514

 

 

3

%

 

 

5,320

 

 

 

598,435

 

 

8

%

Total Net Revenue

$

4,363,767

 

 

100

%

 

$

3,382,099

 

 

100

%

 

$

5,320

 

 

$

7,751,186

 

 

100

%