Company: UHS
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0000950170-25-027785
Chunk: 300

Company: UNIVERSAL HEALTH SERVICES INC
Filing Date: 2025-02-26
Form: 10-K
Item: Item 7
Chunk 300
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% of net revenues during 2024, as compared to $540 million, or 6.7% of net revenues during 2023. The increase resulted from the $301 million, or 54%, increase in income before income taxes at our acute care hospital services, on a Same Facility basis, as discussed above, and $6 million of other combined net decreases resulting primarily from the losses incurred at the newly constructed 150-bed West Henderson Hospital located in Las Vegas, Nevada, that was completed and opened during the fourth quarter of 2024.    

During 2024, as compared to 2023, salaries, wages and benefits expense increased by $105 million, or 3.1%. The increase was due primarily to the above-mentioned $115 million increase related to our acute care hospital services, on a Same Facility basis, partially offset by a combined other net decrease of $10 million (consisting primarily of a decrease related to Desert Springs Hospital, partially offset by an increase related to West Henderson Hospital).

Other operating expenses increased $396 million, or 16.9%, during 2024 as compared to 2023. The increase was due primarily to the $214 million above-mentioned increase related to our acute care hospital services, on a Same Facility basis, as well as the above-mentioned $187 million increase in provider tax assessments.    

Supplies expense increased by $42 million, or 3.2%, during 2024 as compared to 2023. The increase was due primarily to the above-mentioned $43 million increase related to our acute care hospital services, on a Same Facility basis.  

Please see Results of Operations - Clinical Staffing, Physician Related Expenses and Effects of Inflation above for additional disclosure regarding the factors impacting our operating costs. 

Behavioral Health Care Services

The following table sets forth certain operating statistics for our behavioral health care services for the years ended December 31, 2024 and 2023. 

    Same Facility Basis

    All

    2024

    2023

    2024

    2023

    Average licensed beds
     
    24,165

    24,000

    24,367

    24,224

    Average available beds
     
    24,065

    23,900

    24,280

    24,124

    Patient days
     
    6,397,790

    6,277,015