Company: UHS
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0000950170-25-027785
Chunk: 206

Company: UNIVERSAL HEALTH SERVICES INC
Filing Date: 2025-02-26
Form: 10-K
Item: Item 1B
Chunk 206
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 operating expenses for our acute care hospitals to gross charges for those hospitals by the above-mentioned total uncompensated care amounts. The percentage of cost to gross charges is calculated based on the total operating expenses for our acute care facilities divided by gross patient service revenue for those facilities. An increase in the level of uninsured patients to our facilities and the resulting adverse trends in the adjustments to net revenues and uncompensated care provided could have a material unfavorable impact on our future operating results. 

          (amounts in thousands)

          2024

          2023

          2022

          Estimated cost of providing charity care
           
          $
          75,227

          $
          83,383

          $
          85,434

          Estimated cost of providing uninsured discounts

          245,687

          177,206

          160,122

          Estimated cost of providing uncompensated care
           
          $
          320,914

          $
          260,589

          $
          245,556

        Concentration of Revenues: Our seven acute care hospitals and seven free-standing emergency departments in the Las Vegas, Nevada, market contributed, on a combined basis, 15% in 2024, 14% in 2023 and 15% in 2022 of our consolidated net revenues. Cash, Cash Equivalents and Restricted Cash: We consider all highly liquid investments purchased with maturities of three months or less to be cash equivalents.  Cash, cash equivalents, and restricted cash as reported in the consolidated statements of cash flows are presented separately on our consolidated balance sheets as follow:

          (amounts in thousands)

          2024

          2023

          2022

          Cash and cash equivalents
           
          $
          125,983

          $
          119,439

          $
          102,818

          Restricted cash (a)

          98,769

          95,031

          98,019

          Total cash, cash equivalents and restricted cash
           
          $
          224,752

          $
          214,470

          $
          200,837

           (a)Restricted cash is included in other assets on the accompanying consolidated balance sheets and consists of statutorily required capital reserves related to our commercial insurance subsidiary.The fair value of our restricted cash was computed based upon quotes received from financial institutions. We consider these to be “level 1” in the