-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, WuBPlIT2oCbNhMa9BEoQkmCxkVp5zOy52cb/OIyBQFd3Dpq9ATIo42uDb/pWka32 +BKkwkbUyv8sO6Ab1J1z1g== 0000950144-03-003021.txt : 20030313 0000950144-03-003021.hdr.sgml : 20030313 20030312175947 ACCESSION NUMBER: 0000950144-03-003021 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20030311 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20030313 FILER: COMPANY DATA: COMPANY CONFORMED NAME: HCA INC/TN CENTRAL INDEX KEY: 0000860730 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-GENERAL MEDICAL & SURGICAL HOSPITALS, NEC [8062] IRS NUMBER: 752497104 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-11239 FILM NUMBER: 03601502 BUSINESS ADDRESS: STREET 1: ONE PARK PLZ CITY: NASHVILLE STATE: TN ZIP: 37203 BUSINESS PHONE: 6153449551 MAIL ADDRESS: STREET 1: ONE PARK PLAZA CITY: NASHVILLE STATE: TN ZIP: 37203 FORMER COMPANY: FORMER CONFORMED NAME: COLUMBIA HCA HEALTHCARE CORP DATE OF NAME CHANGE: 20000502 FORMER COMPANY: FORMER CONFORMED NAME: COLUMBIA HCA HEALTHCARE CORP/ DATE OF NAME CHANGE: 19940314 FORMER COMPANY: FORMER CONFORMED NAME: HCA THE HEALTHCARE CO DATE OF NAME CHANGE: 20010419 8-K 1 g81198e8vk.htm HCAN INC. e8vk
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FORM 8-K
CURRENT REPORT

Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934.

Date of Report (Date of earliest event reported) March 11, 2003

HCA INC.
(Exact name of registrant as specified in its charter)

DELAWARE
(State of Incorporation)

     
001-11239
(Commission
File Number)
  75-2497104
(IRS Employer
Identification Number)
One Park Plaza, Nashville, Tennessee
(Address of principal executive offices)
  37203
(Zip Code)

(615) 344-9551
(Registrant’s telephone number, including area code)


ITEM 5.  OTHER EVENTS
ITEM 7.  EXHIBITS
SIGNATURES
PRESS RELEASE


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ITEM 5.  OTHER EVENTS

     On March 11, 2003, HCA Inc. announced plans to provide more financial relief to its uninsured patients.

ITEM 7.  EXHIBITS

     
Exhibit 99   Press release dated March 11, 2003 relating to HCA’s plans to provide more financial relief to its uninsured patients.

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SIGNATURES

     Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Report to be signed on its behalf by the undersigned hereunto duly authorized.

     
HCA Inc.
 
By: /s/ JOHN M. FRANCK II

John M. Franck II
Vice President and Corporate Secretary

DATED: March 12, 2003

3 EX-99 3 g81198exv99.txt PRESS RELEASE EXHIBIT 99 HCA NEWS - -------------------------------------------------------------------------------- FOR IMMEDIATE RELEASE INVESTOR CONTACT: MEDIA CONTACT: Mark Kimbrough Jeff Prescott (615) 344-2688 (615) 344-5708 HCA TO PROVIDE MORE FINANCIAL RELIEF TO ITS UNINSURED PATIENTS NASHVILLE, TENN., MARCH 11, 2003--HCA (NYSE: HCA) today announced plans to change its charitable care policies to provide financial relief to more of its charity patients and needs based discounts to uninsured patients who receive non-elective care at its hospitals. The new policies are subject to approval by the Centers for Medicare and Medicaid Services of the Department of Health and Human Services (CMS) and will be applied to services provided after CMS approval. The planned changes to charity care policies would allow patients treated at an HCA hospital for non-elective care who have income at or below 200 percent of the federal poverty level to be eligible for charity care, a standard HCA estimates 70 percent of its hospitals have already been using. The federal poverty level is established by the federal government and is based on income and family size. HCA would also implement a sliding scale of discounts for uninsured patients with income between 200 and 400 percent of the federal poverty level. HCA has submitted its plans to CMS and asked it to rule that the financial relief offered under the program will not adversely affect HCA's payments from the Medicare program. Implementation of the planned policies is conditioned on receiving a favorable CMS ruling. "The plight of the uninsured is a national problem reaching staggering proportions, and we have been working for some time on a plan that would better serve the needs of those patients," said Jack O. Bovender, Jr., Chairman and Chief Executive Officer of HCA. "Although we currently provide over $2 billion annually in uncompensated care, the growth of the uninsured population clearly warrants these efforts. We believe our proposed plan can be implemented within existing regulatory guidelines without affecting our reimbursement for Medicare beneficiaries, and we hope CMS will agree with our interpretation." In addition, HCA has issued a revised policy on its criteria for filing liens or garnishment of wages of patients who have not paid their hospital bills. This policy prohibits placement of liens on primary homes worth less than $300,000 or garnishment of a patient's wages for those that have a proven inability to pay. -more- "We have no desire to attempt to collect payment from patients who do not have the ability to pay," said Bovender. Bovender noted that HCA hospitals continue to work with individual uninsured patients to assist them in meeting any financial obligations for healthcare that may remain. For example, HCA assists patients in enrolling for Medicaid and other state and local programs when eligible. HCA also works with individual patients to structure payment plans when appropriate. The Company estimates that, had all of these policy changes been in effect for its year ended December 31, 2002, pre-tax income and EPS would have been reduced by approximately $25 million and $0.03 a share, respectively. Additionally, these policy changes will result in certain amounts that had previously been reported as bad debt expense to being recorded as revenue reductions in future periods. The Company estimates the impact in 2002 would have been a reduction in net revenue of approximately $325 million to $375 million, as well as a corresponding reduction to bad debt expense of $300 million to $350 million. This press release contains forward-looking statements based on current management expectations. Those forward-looking statements include statements other than those made solely with respect to historical fact. Numerous risks, uncertainties and other factors may cause actual results to differ materially from those expressed in any forward-looking statements. These factors include, but are not limited to (i) the timing and ability to obtain CMS approval of the proposed charity care and discount policy changes and the financial impact of each policy change, (ii) possible changes in Medicare and Medicaid rules and regulations, (iii) other risk factors detailed from time to time in the Company's filings with the SEC. Many of the factors that will determine the Company's future results are beyond the ability of the Company to control or predict. Readers should not place undue reliance on forward-looking statements, which reflect management's views only as of the date hereof. The Company undertakes no obligation to revise or update any forward-looking statements, or to make any other forward-looking statements, whether as a result of new information, future events or otherwise. All references to "Company" and "HCA" as used throughout this document refer to HCA Inc. and its affiliates. 2 -----END PRIVACY-ENHANCED MESSAGE-----