News Headlines Article

Dignity Health dips into the red as Medicaid volume grows
Modern Healthcare

Dignity Health has been taking steps to bring in new revenue and trim expenses but its financial performance nevertheless dipped into the red in its most recent earnings report. The San Francisco-based system has been struggling to get ahead of its growing expenses, particularly from salary and benefit costs, supplies and purchased services. Revenue, meanwhile, is increasing at a slower pace, particularly as Dignity sees a decline in admissions from commercially-insured patients.Credit rating agency Standard & Poor’s last month revised the outlook on Dignity’s debt to negative from stable, citing its weaker financial performance.