v3.26.1
Revenue Recognition (Tables)
6 Months Ended
Jun. 30, 2026
Revenue from Contract with Customer [Abstract]  
Schedule of Disaggregates Revenue by Major Source

The following table disaggregates our revenue by major source for the three and six-month periods ended June 30, 2026 and 2025 (in thousands):

Note: prior year amounts related to certain facilities previously included in our Behavioral Health Care Services’ results have been reclassified into our Acute Care Hospital Services' results as of January 1, 2025 to conform with current year presentation.

 

 

For the three months ended June 30, 2026

 

 

Acute Care

 

 

Behavioral Health

 

 

Other

 

 

Total

 

Medicare

$

396,244

 

 

15

%

 

$

82,461

 

 

4

%

 

 

 

 

$

478,705

 

 

10

%

Managed Medicare

 

435,547

 

 

17

%

 

 

113,126

 

 

6

%

 

 

 

 

 

548,673

 

 

12

%

Medicaid

 

351,396

 

 

13

%

 

 

468,806

 

 

23

%

 

 

 

 

 

820,202

 

 

18

%

Managed Medicaid

 

168,779

 

 

6

%

 

 

484,959

 

 

24

%

 

 

 

 

 

653,738

 

 

14

%

Managed Care (HMO and PPOs)

 

805,509

 

 

31

%

 

 

396,632

 

 

20

%

 

 

 

 

 

1,202,141

 

 

26

%

UK Revenue

 

0

 

 

0

%

 

 

269,204

 

 

13

%

 

 

 

 

 

269,204

 

 

6

%

Other patient revenue and adjustments, net

 

159,375

 

 

6

%

 

 

151,333

 

 

7

%

 

 

 

 

 

310,708

 

 

7

%

Other non-patient revenue

 

293,149

 

 

11

%

 

 

58,544

 

 

3

%

 

 

2,948

 

 

 

354,641

 

 

8

%

Total Net Revenue

$

2,609,999

 

 

100

%

 

$

2,025,065

 

 

100

%

 

$

2,948

 

 

 

4,638,012

 

 

100

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the six months ended June 30, 2026

 

 

Acute Care

 

 

Behavioral Health

 

 

Other

 

 

Total

 

Medicare

$

796,747

 

 

15

%

 

$

163,635

 

 

4

%

 

 

 

 

$

960,382

 

 

11

%

Managed Medicare

 

883,546

 

 

17

%

 

 

215,227

 

 

6

%

 

 

 

 

 

1,098,773

 

 

12

%

Medicaid

 

721,693

 

 

14

%

 

 

808,409

 

 

21

%

 

 

 

 

 

1,530,102

 

 

17

%

Managed Medicaid

 

340,604

 

 

7

%

 

 

959,736

 

 

25

%

 

 

 

 

 

1,300,340

 

 

14

%

Managed Care (HMO and PPOs)

 

1,598,935

 

 

31

%

 

 

803,704

 

 

21

%

 

 

 

 

 

2,402,639

 

 

26

%

UK Revenue

 

0

 

 

0

 

 

 

530,416

 

 

14

%

 

 

 

 

 

530,416

 

 

6

%

Other patient revenue and adjustments, net

 

329,615

 

 

6

%

 

 

310,437

 

 

8

%

 

 

 

 

 

640,052

 

 

7

%

Other non-patient revenue

 

548,995

 

 

11

%

 

 

115,653

 

 

3

%

 

 

5,842

 

 

 

670,490

 

 

7

%

Total Net Revenue

$

5,220,135

 

 

100

%

 

$

3,907,217

 

 

100

%

 

$

5,842

 

 

$

9,133,194

 

 

100

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the three months ended June 30, 2025

 

 

Acute Care

 

 

Behavioral Health

 

 

Other

 

 

Total

 

Medicare

$

375,700

 

 

16

%

 

$

73,547

 

 

4

%

 

 

 

 

$

449,247

 

 

10

%

Managed Medicare

 

412,640

 

 

17

%

 

 

106,532

 

 

6

%

 

 

 

 

 

519,172

 

 

12

%

Medicaid

 

281,747

 

 

12

%

 

 

362,374

 

 

19

%

 

 

 

 

 

644,121

 

 

15

%

Managed Medicaid

 

171,221

 

 

7

%

 

 

448,387

 

 

24

%

 

 

 

 

 

619,608

 

 

14

%

Managed Care (HMO and PPOs)

 

811,048

 

 

34

%

 

 

416,805

 

 

22

%

 

 

 

 

 

1,227,853

 

 

29

%

UK Revenue

 

0

 

 

0

%

 

 

246,906

 

 

13

%

 

 

 

 

 

246,906

 

 

6

%

Other patient revenue and adjustments, net

 

147,136

 

 

6

%

 

 

162,925

 

 

9

%

 

 

 

 

 

310,061

 

 

7

%

Other non-patient revenue

 

204,345

 

 

9

%

 

 

59,797

 

 

3

%

 

 

2,706

 

 

 

266,848

 

 

6

%

Total Net Revenue

$

2,403,837

 

 

100

%

 

$

1,877,273

 

 

100

%

 

$

2,706

 

 

$

4,283,816

 

 

100

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the six months ended June 30, 2025

 

 

Acute Care

 

 

Behavioral Health

 

 

Other

 

 

Total

 

Medicare

$

767,793

 

 

16

%

 

$

149,493

 

 

4

%

 

 

 

 

$

917,286

 

 

11

%

Managed Medicare

 

833,774

 

 

18

%

 

 

205,697

 

 

6

%

 

 

 

 

 

1,039,471

 

 

12

%

Medicaid

 

534,512

 

 

11

%

 

 

636,517

 

 

18

%

 

 

 

 

 

1,171,029

 

 

14

%

Managed Medicaid

 

332,940

 

 

7

%

 

 

889,497

 

 

25

%

 

 

 

 

 

1,222,437

 

 

15

%

Managed Care (HMO and PPOs)

 

1,592,634

 

 

33

%

 

 

820,020

 

 

23

%

 

 

 

 

 

2,412,654

 

 

29

%

UK Revenue

 

0

 

 

0

%

 

 

473,974

 

 

13

%

 

 

 

 

 

473,974

 

 

6

%

Other patient revenue and adjustments, net

 

296,500

 

 

6

%

 

 

323,634

 

 

9

%

 

 

 

 

 

620,134

 

 

7

%

Other non-patient revenue

 

403,498

 

 

8

%

 

 

117,505

 

 

3

%

 

 

5,548

 

 

 

526,551

 

 

6

%

Total Net Revenue

$

4,761,651

 

 

100

%

 

$

3,616,337

 

 

100

%

 

$

5,548

 

 

$

8,383,536

 

 

100

%