HCA · 10-Q · 2026Q3 · Full report

Inflationary Cost Pressures

HCA Healthcare, Inc. · 2026-10-29 · Importance 54 · Surprise 40

HCA reported that inflation negatively affected certain operating expenses and expects inflationary pressures to continue. Other operating expenses increased to 23.3% of revenues for the first nine months of 2026 from 21.0% a year earlier, a 2.3 percentage-point increase; the filing attributes this primarily to Medicaid state-directed and supplemental-payment program expenses and professional fees, as well as noting inflation’s impact on certain expenses. For the third quarter, other operating expenses were 23.0% of revenues, compared with 21.8% in the prior-year quarter.

Key facts

• HCA said inflation negatively affected certain other operating expenses and expects inflationary pressures to continue affecting operating expenses in the future. source