Is HCA's Managed Medicare segment outperforming others?

HCA's Managed Medicare segment is not currently forming a separate financial entity, thus there is no available data to assess its performance independently. However, we can analyze HCA's overall performance and market positioning to infer the segment's potential performance.

1. **Overall Financial Performance**: HCA Healthcare, Inc. reported strong financial results for 2024, with revenues amounting to $70,603 million, marking an 8.7% increase from 2023. The net income attributable to HCA Healthcare, Inc. was $5,760 million, reflecting a 9.9% increase from the previous year. This indicates a robust overall financial performance, which likely includes the Managed Medicare segment.
2. **Market Positioning**: HCA is the largest for-profit hospital company in the United States, operating 186 hospitals and nearly 2,400 ambulatory sites across 20 states and the United Kingdom. The company's strategic focus on delivering high-quality, cost-effective healthcare services and its investments in network development suggest a competitive edge in the market, which could imply strong performance, including from the Managed Medicare segment.
3. **Industry Comparisons**: While direct comparisons with pure-play Medicare providers like Molina Healthcare, Inc. (MOH) are not available, HCA's overall growth metrics and market position suggest that the Managed Medicare segment is likely performing well. MOH provides managed healthcare services to low-income families and individuals under Medicaid and Medicare programs, and HCA's broader hospital and outpatient services complement and potentially enhance the care delivery for Medicare beneficiaries.

In conclusion, while specific performance metrics for HCA's Managed Medicare segment are not available, the company's strong overall financial performance, market leadership, and strategic focus on healthcare services suggest that this segment is likely contributing positively to HCA's overall results.