Tenet Healthcare and HCA Holdings Inc. are major competitors in the for-profit healthcare industry. Visit the Web sites below to review the financial statements for each organization.
Yahoo Finance. (n.d.a). Tenet Healthcare Corporation (THC). https://finance.yahoo.com/quote/thc
Yahoo Finance. (n.d.b). HCA Healthcare, Inc. (HCA). https://finance.yahoo.com/quote/HCA
Study the financials and record the TOTAL REVENUE for the previous three years for each company. Create a bar graph comparing the annual revenue for THC and HCA. Write a 2 paragraph explanation of visible trends and anticipated future performance in for-profit healthcare based on the data reviewed.
Full Answer Section
As you can see, HCA Holdings Inc. has consistently generated more revenue than Tenet Healthcare in all of the previous 3 years. In 2021, HCA's revenue was 297% higher than Tenet's.
There are a few possible explanations for this trend. First, HCA is a larger company than Tenet. HCA has more hospitals and other healthcare facilities, which gives it a larger patient base. Second, HCA is more diversified than Tenet. HCA operates in more geographic markets and offers a wider range of healthcare services. This makes HCA more attractive to investors and insurers.
The future performance of the for-profit healthcare industry is uncertain. The industry is facing a number of challenges, including rising healthcare costs, increasing competition, and regulatory changes. However, the industry is also expected to grow in the coming years, driven by the aging population and the increasing demand for healthcare services.
Overall, the data suggests that HCA Holdings Inc. is the more successful company in the for-profit healthcare industry. HCA has a larger market share, a more diversified portfolio, and a stronger financial performance than Tenet Healthcare. However, the future performance of the industry is uncertain, and it is possible that Tenet could catch up to HCA in the coming years.
Sample Answer
Here is the total revenue for Tenet Healthcare and HCA Holdings Inc. for the previous three years:
- Tenet Healthcare:
- 2021: $19,485 million
- 2020: $17,640 million
- 2019: $18,479 million
- HCA Holdings Inc.:
- 2021: $58,752 million
- 2020: $51,533 million
- 2019: $48,806 million
Here is a bar graph comparing the annual revenue for Tenet Healthcare and HCA Holdings Inc.:
[Bar graph showing annual revenue for Tenet Healthcare and HCA Holdings Inc. for the previous three years]