iPhone is back to normal. Thank you Carl!
1 -Back up iPhone
2 - Restore iPhone (this is back to factory settings). My phone got a bit warm during this process, but never hot.
Once hello appears on iPhone, you can unplug phone and use phone for an hour. If the phone does not get hot, proceed to step three.
3 - Restore backup. I let all the apps download and waited an hour before I began using different apps. My phone did get a tad warm during this process but never hot like before.
Carl explained to me that when the latest software was installed on 29 June, it appears to be a bad batch. If after step 2, my phone was still hot, he told me to restore again. Fortunately, it worked the first time. If after you restore the back-up and your phone gets hot it is a data issue and it is a trial and error method to figure out which app is causing the problem.
When I was on the call with Carl, he felt it was a software issue right from the start due to the phone being hot and the battery health is 100%. He ran a diagnostic check on the hardware remotely and it came back that the hardware was fine. For me it was worth the 45 minute wait to get to an advisor and I did asked to be bumped to a more senior advisor.
My phone is back to normal and I hope this helps solve your problem.