Summary
HCA Holdings, Inc. (HCA) filed an 8-K on November 8, 2011, to announce a significant change in its accounting treatment for HITECH incentive payments related to the meaningful use of certified electronic health record technology. This revision directly impacts the company's financial guidance for the full year 2011, necessitating an update to previously issued projections. The company also scheduled a conference call for November 8, 2011, to provide further details and discuss the implications of this accounting change and revised guidance with investors.
Key Highlights
- 1HCA Holdings, Inc. revised its accounting treatment for HITECH incentive payments.
- 2The change pertains to the recognition of payments for meaningful use of electronic health record (EHR) technology.
- 3The company is revising its full-year 2011 financial guidance as a result of this accounting change.
- 4A press release dated November 8, 2011, was issued to announce these developments.
- 5HCA scheduled a conference call on November 8, 2011, to discuss the accounting change and revised guidance.
- 6The filing incorporates the press release as Exhibit 99.1.