HCA Healthcare, Inc. (HCA) Q1 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:03.495 They're based on management's current expectations. 00:00:03.495 -- 00:00:07.499 Numerous risks and uncertainties and other factors may cause actual results to differ 00:00:07.499 -- 00:00:10.742 materially from those that might be expressed today. 00:00:10.742 -- 00:00:14.747 More information on forward-looking statements and these factors are listed in today's 00:00:14.747 -- 00:00:18.350 press release and in our various SEC filings. 00:00:18.350 -- 00:00:23.456 On this morning's call, we may reference measures such as adjusted EBITDA, which 00:00:23.456 -- 00:00:28.682 is a non-GAAP financial measure. A table providing supplemental information on adjusted 00:00:28.682 -- 00:00:33.369 EBITDA and reconciling net income attributable to HCA Healthcare, Inc. 00:00:33.369 -- 00:00:37.995 is included in today's release. This morning's call is being recorded, and a replay of 00:00:37.995 -- 00:00:42.582 the call will be available later today. With that, I'll now turn the call over to Sam. 00:00:42.582 -- 00:00:45.646 Very good morning, and thank you for joining the call. 00:00:45.646 -- 00:00:50.853 The solid fundamentals we have seen in our business over the past several quarters 00:00:50.853 -- 00:00:54.301 continued into the first quarter of 2025. 00:00:54.301 -- 00:00:59.408 This momentum generated strong financial results that were driven by broad-based 00:00:59.408 -- 00:01:04.536 volume growth, improved payer mix, and better operating margin. 00:01:04.536 -- 00:01:08.922 As we look to the rest of the year, we remain encouraged by our performance, 00:01:08.922 -- 00:01:13.389 the overall backdrop of growing demand for healthcare services, 00:01:13.389 -- 00:01:17.494 and the increased investments we have made across the company to...