Healthcare Facilities & Managed Care "Florida DPP: State Publishes Hospi..."

Research evidence excerpt

Healthcare Facilities & Managed Care "Florida DPP: State Publishes Hospi..."

Global Research

8 June 2026ab

Healthcare Facilities & Managed Care Equities

AmericasFlorida DPP: State Publishes Hospital-Level

Payment Estimates Healthcare Providers

AJ Rice

Analyst

aj.rice@ubs.com

Hospital-Level Detail Released +1-212-713 4299

The Florida Agency for Health Care Administration recently published its directed Joseph Overman

payment program (DPP) payment model for the recently approved DPP dated 10/1/24 - Associate Analyst

9/30/25. The file includes the estimated DPP payments that will be made to each joseph.overman@ubs.com

individual hospital in the state under the recently approved FY25 program. These +1-212-882 0086

numbers should roughly match with the amount of revenue that the hospital companies James Kurek

will recognize from the program. Because the state does not break out provider taxes at Analyst

a facility level, estimating the net benefit to each company still requires some degree of james.kurek@ubs.com

assumptions. Our initial read is that HCA may have more upside than our original +1-212-713 3704

estimates (~$380 mln annualized net benefit vs. $280 mln previously) while THC may Jonathan Yong

have less upside (~$38 mln vs. $55 mln previously) due to the distribution of payments Analyst

across hospitals. None of the hospital operators included the program in initial 2026 jonathan.yong@ubs.com

guidance, so any benefit will be incremental to current guidance and most consensus +1-212-713 6268

estimates. Michael Wei

Associate Analyst

137% Y/Y Increase, Not Uniform Across Providers michael.wei@ubs.com

The FY25 DPP includes total estimated payments of $7.88 bln, a 137% increase from +1-212-713 2565

the $3.32 bln under the FY24 program.