Company: UHS
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0000950170-25-027785
Chunk: 108

Company: UNIVERSAL HEALTH SERVICES INC
Filing Date: 2025-02-26
Form: 10-K
Item: Item 1B
Chunk 108
---
 expenses could have a material unfavorable impact on our future results of operations.

Although our ability to pass on increased costs associated with providing healthcare to Medicare and Medicaid patients is limited, as discussed above, we have been requesting and negotiating increased rates from commercial insurers to defray our increased cost of providing patient care. In addition, we have implemented various productivity enhancement programs and cost reduction initiatives including, but not limited to, the following: team-based patient care initiatives designed to optimize the level of patient care services provided by our licensed nurses/clinicians; efforts to reduce utilization of, and rates paid for, premium pay labor; consolidation of medical supply vendors to increase purchasing discounts; review and reduction of clinical variation in connection with the utilization of medical supplies, and; various other efforts to increase productivity and/or reduce costs including investments in new information technology applications.

           The following table summarizes our results of operations, and is used in the discussion below, for the years ended December 31, 2024 and 2023 (dollar amounts in thousands):

46

    Year Ended December 31,

    2024

    2023

    % of Net

    % of Net

    Amount

    Revenues

    Amount

    Revenues

    Net revenues
     
    $
    15,827,935

    100.0
    %
     
    $
    14,281,976

    100.0
    %

    Operating charges:

    Salaries, wages and benefits

    7,518,687

    47.5
    %

    7,107,484

    49.8
    %

    Other operating expenses

    4,308,384

    27.2
    %

    3,757,216

    26.3
    %

    Supplies expense

    1,587,786

    10.0
    %

    1,532,828

    10.7
    %

    Depreciation and amortization

    584,831

    3.7
    %

    568,041

    4.0
    %

    Lease and rental expense

    146,433

    0.9
    %

    141,026

    1.0
    %

    Subtotal-operating expenses

    14,146,121

    89.4
    %

    13,106,595