News Headlines Article

Dignity boosts operating surplus, thanks largely to provider fee revenue
Modern Healthcare

Additional revenue from the California provider fee program helped San Francisco-based Dignity Health report a more than 300% increase in its operating surplus for its fiscal second quarter.

The system also said higher volume, a shift from self-pay to Medicaid coverage and better reimbursement rates from insurers contributed to its higher surplus. Without the impact of the provider fee payments, revenue nevertheless increased 10.7% in the second quarter compared with the prior-year period.