Hospital stocks rise as insurer Humana flags rising demand for surgeries

Community Health Systems

16/06/2023 16:18

** Shares of U.S. hospital operators gain between 1% and 4%
in early trade after health insurer Humana warns of a jump in
medical costs this year due to higher-than-expected demand for
surgeries and other medical procedures
    ** HUM joins larger health insurer UnitedHealth  UNH.N ,
which flagged higher costs earlier this week following an
increase in surgeries among Medicare-eligible adults
    ** An increased frequency of surgeries would mean more
revenue for hospitals  
    ** THC and HCA are on track to mark their fifth straight
session of gains this week
    ** Analysts have said this trend is likely to continue for
the balance of the year 
    ** Tenet Healthcare  THC.N  up 1% at $78.89 and HCA
Healthcare up 1.6% at $290.38
    ** Universal Health Services  UHS.N  up 1.2% at $149.53 and
Community Health Systems  CYH.N  up 4% at $4.24
    ** Including session moves, THC has gained ~62%, HCA up 21%
and UHS up 6% this year; while CYH down ~2% YTD  

 (Reporting by Bhanvi Satija in Bengaluru)
 ((Bhanvi.Satija@thomsonreuters.com; Outside U.S. +91
9873062788;))