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Revenue Recognition (Tables)
9 Months Ended
Sep. 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 nine-month periods ended September 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 September 30, 2025

 

 

Acute Care

 

 

Behavioral Health

 

 

Other

 

 

Total

 

Medicare

$

374,814

 

 

14

%

 

$

85,769

 

 

5

%

 

 

 

 

$

460,583

 

 

10

%

Managed Medicare

 

404,619

 

 

15

%

 

 

111,992

 

 

6

%

 

 

 

 

 

516,611

 

 

11

%

Medicaid

 

451,867

 

 

17

%

 

 

314,398

 

 

17

%

 

 

 

 

 

766,265

 

 

17

%

Managed Medicaid

 

180,592

 

 

7

%

 

 

447,340

 

 

24

%

 

 

 

 

 

627,932

 

 

14

%

Managed Care (HMO and PPOs)

 

831,058

 

 

32

%

 

 

410,763

 

 

22

%

 

 

 

 

 

1,241,821

 

 

28

%

UK Revenue

 

0

 

 

0

%

 

 

264,486

 

 

14

%

 

 

 

 

 

264,486

 

 

6

%

Other patient revenue and adjustments, net

 

151,144

 

 

6

%

 

 

167,871

 

 

9

%

 

 

 

 

 

319,015

 

 

7

%

Other non-patient revenue

 

235,971

 

 

9

%

 

 

57,640

 

 

3

%

 

 

4,921

 

 

 

298,532

 

 

7

%

Total Net Revenue

$

2,630,065

 

 

100

%

 

$

1,860,259

 

 

100

%

 

$

4,921

 

 

 

4,495,245

 

 

100

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the nine months ended September 30, 2025

 

 

Acute Care

 

 

Behavioral Health

 

 

Other

 

 

Total

 

Medicare

$

1,141,829

 

 

15

%

 

$

236,040

 

 

4

%

 

 

 

 

$

1,377,869

 

 

11

%

Managed Medicare

 

1,236,634

 

 

17

%

 

 

319,448

 

 

6

%

 

 

 

 

 

1,556,082

 

 

12

%

Medicaid

 

983,889

 

 

13

%

 

 

953,404

 

 

17

%

 

 

 

 

 

1,937,293

 

 

15

%

Managed Medicaid

 

509,186

 

 

7

%

 

 

1,341,183

 

 

24

%

 

 

 

 

 

1,850,369

 

 

14

%

Managed Care (HMO and PPOs)

 

2,421,837

 

 

33

%

 

 

1,232,638

 

 

22

%

 

 

 

 

 

3,654,475

 

 

28

%

UK Revenue

 

0

 

 

0

%

 

 

738,460

 

 

13

%

 

 

 

 

 

738,460

 

 

6

%

Other patient revenue and adjustments, net

 

447,484

 

 

6

%

 

 

491,658

 

 

9

%

 

 

 

 

 

939,142

 

 

7

%

Other non-patient revenue

 

639,469

 

 

9

%

 

 

175,153

 

 

3

%

 

 

10,469

 

 

 

825,091

 

 

6

%

Total Net Revenue

$

7,380,328

 

 

100

%

 

$

5,487,984

 

 

100

%

 

$

10,469

 

 

$

12,878,781

 

 

100

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the three months ended September 30, 2024

 

 

Acute Care

 

 

Behavioral Health

 

 

Other

 

 

Total

 

Medicare

$

323,015

 

 

14

%

 

$

80,599

 

 

5

%

 

 

 

 

$

403,614

 

 

10

%

Managed Medicare

 

362,961

 

 

16

%

 

 

106,753

 

 

6

%

 

 

 

 

 

469,714

 

 

12

%

Medicaid

 

299,147

 

 

13

%

 

 

260,212

 

 

15

%

 

 

 

 

 

559,359

 

 

14

%

Managed Medicaid

 

157,435

 

 

7

%

 

 

419,890

 

 

25

%

 

 

 

 

 

577,325

 

 

15

%

Managed Care (HMO and PPOs)

 

726,227

 

 

32

%

 

 

399,791

 

 

23

%

 

 

 

 

 

1,126,018

 

 

28

%

UK Revenue

 

0

 

 

0

%

 

 

230,153

 

 

13

%

 

 

 

 

 

230,153

 

 

6

%

Other patient revenue and adjustments, net

 

118,193

 

 

5

%

 

 

154,818

 

 

9

%

 

 

 

 

 

273,011

 

 

7

%

Other non-patient revenue

 

266,841

 

 

12

%

 

 

54,396

 

 

3

%

 

 

2,596

 

 

 

323,833

 

 

8

%

Total Net Revenue

$

2,253,819

 

 

100

%

 

$

1,706,612

 

 

100

%

 

$

2,596

 

 

$

3,963,027

 

 

100

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the nine months ended September 30, 2024

 

 

Acute Care

 

 

Behavioral Health

 

 

Other

 

 

Total

 

Medicare

$

1,010,737

 

 

15

%

 

$

233,188

 

 

5

%

 

 

 

 

$

1,243,925

 

 

11

%

Managed Medicare

 

1,106,470

 

 

17

%

 

 

305,411

 

 

6

%

 

 

 

 

 

1,411,881

 

 

12

%

Medicaid

 

774,586

 

 

12

%

 

 

800,966

 

 

16

%

 

 

 

 

 

1,575,552

 

 

13

%

Managed Medicaid

 

471,344

 

 

7

%

 

 

1,257,645

 

 

25

%

 

 

 

 

 

1,728,989

 

 

15

%

Managed Care (HMO and PPOs)

 

2,131,280

 

 

32

%

 

 

1,224,893

 

 

24

%

 

 

 

 

 

3,356,173

 

 

29

%

UK Revenue

 

0

 

 

0

%

 

 

650,655

 

 

13

%

 

 

 

 

 

650,655

 

 

6

%

Other patient revenue and adjustments, net

 

375,727

 

 

6

%

 

 

449,043

 

 

9

%

 

 

 

 

 

824,770

 

 

7

%

Other non-patient revenue

 

747,442

 

 

11

%

 

 

166,910

 

 

3

%

 

 

7,916

 

 

 

922,268

 

 

8

%

Total Net Revenue

$

6,617,586

 

 

100

%

 

$

5,088,711

 

 

100

%

 

$

7,916

 

 

$

11,714,213

 

 

100

%