HCA Healthcare Inc Q2 2020 Earnings Call Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Gary Paul Taylor - JPMorgan Chase & Co, Research Division - Analyst : Really impressive expense management in the quarter. It's really commendable. I guess I just want to follow up a little bit and understand what you're saying. I think I understand it. So if we look at this improving trajectory of revenue and volume through the quarter and we get to July, it's -- you're saying inpatient census is up, but I guess COVID is fueling some of that. And surgical volume is down. Is that really -- I mean, just really happening sort of in Texas and Florida and not in the hotspots? Is there diversity of that experience even in those states? And then when we look at the rest of the portfolio, though, that perhaps isn't being as hit by the resurgence as much. Are you still generally seeing an improving trajectory out of June into July? So I guess what I'm trying to get at is there any sort of pent-up demand that's now diminishing? Or is it really just the virus that's causing some of the surgical activity to slow down in some of those hotspots?