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Scripps Health’s surplus declines with loss of state provider-fee revenue
Modern Healthcare

Scripps Health, a four-hospital San Diego-based system, ended fiscal 2014 with a drop in its operating surplus as it booked significantly less revenue than in the prior year even as it held expenses in check. However, like many systems, it benefitted from higher investment income.

The system had an operating margin of 6% for the year, which ended Sept. 30, compared with 7.3% for fiscal 2013.