Investing.com -- Bank of America released its "Traffic Signals" report analyzing foot traffic data at publicly traded hospital companies for April, showing positive trends for Tenet Healthcare Corp (NYSE: THC) and neutral results for HCA Healthcare Inc (NYSE: HCA).

The report uses foot traffic data from Placer.ai as a real-time proxy for hospital volumes, which has shown a 90% correlation over the past 27 quarters. The analysis revealed that second-quarter foot traffic year-over-year growth is above consensus growth estimates for THC, while falling below expectations for HCA, Universal Health Services Inc (NYSE: UHS), and Acadia Healthcare Co Inc (NASDAQ: ACHC).

Compared to first-quarter average data points, April showed acceleration for THC with an increase of 290 basis points and HCA with an 80 basis points rise. UHS remained in-line with the first quarter, while ACHC decelerated by 90 basis points.

The traffic data suggests THC's implied second-quarter volume growth at 3.5% versus 1.3% consensus, and HCA at 2.1% matching the 2.1% consensus. ACHC is projected at 1.1% compared to 4.6% consensus, while UHS is estimated at 0.0% versus 2.1% consensus. The average implied second-quarter growth stands at 1.7% against a 2.5% consensus estimate.

HCA's foot traffic registered 1.3% year-over-year growth in April, marking a 30 basis points acceleration from the 1.0% year-over-year growth recorded in March.

THC's foot traffic showed 3.8% year-over-year growth in April, representing a 210 basis points acceleration from the 1.7% year-over-year growth seen in March.

UHS's foot traffic declined 7.3% year-over-year in April, a 100 basis points deceleration from the negative 6.3% year-over-year figure in March.

ACHC's foot traffic decreased 0.2% year-over-year in April, marking a 220 basis points deceleration from the 2.0% growth recorded in March.