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HCA医疗保健公司HCA Healthcare(HCA)2025年10-K年度报告「NYSE」(英文版)(326页).pdf

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1、 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington,D.C.20549 Form 10-K (Mark One)ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d)OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31,2025 Or TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d)OF THE SECURITIES EXCHANGE ACT

2、 OF 1934 For the transition period from to Commission File Number 1-11239 HCA Healthcare,Inc.(Exact Name of Registrant as Specified in its Charter)Delaware27-3865930(State or Other Jurisdiction ofIncorporation or Organization)(I.R.S.EmployerIdentification No.)One Park PlazaNashville,Tennessee37203(A

3、ddress of Principal Executive Offices)(Zip Code)Registrants telephone number,including area code:(615)344-9551 Securities Registered Pursuant to Section 12(b)of the Act:Title of Each Class TradingSymbol(s)Name of Each Exchangeon Which Registered Common Stock,$0.01 Par ValueHCANew York Stock Exchange

4、Securities Registered Pursuant to Section 12(g)of the Act:None Indicate by check mark if the Registrant is a well-known seasoned issuer,as defined in Rule 405 of the Securities Act.Yes No Indicate by check mark if the Registrant is not required to file reports pursuant to Section 13 or Section 15(d)

5、of the Act.Yes No Indicate by check mark whether the Registrant(1)has filed all reports required to be filed by Section 13 or 15(d)of the Securities Exchange Act of 1934 during the preceding 12 months(or for such shorter period that the Registrant was required to file such reports),and(2)has been su

6、bject to such filing requirements for the past 90 days.Yes No Indicate by check mark whether the Registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T(232.405 of this chapter)during the preceding 12 months(or for such shor

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1. **公司概况**:HCA Healthcare是美国领先医疗保健服务公司,截至2025年底运营190家医院(179家综合急性护理医院、7家行为医院、4家康复医院)及152家门诊手术中心等,覆盖19个州和英国。 2. **财务表现**:2025年总收入756亿美元,其中 managed care和其他保险公司占比最高(48.9%),Medicare占14.9%,Managed Medicare占17.8%。 3. **核心风险**:高负债压力、医疗人才短缺、网络安全威胁、政府政策变动(如Medicare报销调整)、自然灾害及市场竞争等。 4. **战略重点**:通过运营 excellence、吸引医疗人才、拓展服务网络及数字化能力(如AI)实现增长,并强调成本控制和患者护理质量。
**HCA营收来源?** **医保支付风险?** **医疗科技挑战?**
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