News Headlines Article

Dignity Health finances buoyed by $420M from Medi-Cal fee
Sacramento Business Journal

Dignity Health finances rebounded in the final three months of 2014, when the San Francisco-based health system recorded $420 million in past-due reimbursement from a Medi-Cal provider fee. The company reported net income of $402.3 million for the quarter ending Dec. 30, 2014, up 25 percent from $321.1 million for the same period in 2013 — and a big swing into the black from a net loss of $29 million for the quarter ending Sept. 30, 2014, when the health system was waiting for federal health officials to approve the fee.