Pediatrix Medical reports Q1 non-GAAP EPS 23c, consensus 23c

Reports Q1 revenue $491M, consensus $490.78M. Same-unit revenue attributable to patient volume increased by 1.6 percent for the 2023 first quarter as compared to the prior-year period. "Our Q1 operating results were in line with our expectations and reflected modest improvements in revenue cycle management operations," said CEO James Swift. "We believe the combination of our continued focus on improved service to our affiliated physicians, our hospital and health system relationships, and our financial strength will position Pediatrix to drive strong results for all of our stakeholders."