Dignity posted $2.7 billion in revenue for the quarter ended Sept. 30, down from $2.8 billion in the same period of last year. The system’s expenses for the quarter increased to $2.7 billion, up from $2.6 billion in the same quarter of last year.
The system reported a loss attributable to its investments for the first quarter of fiscal 2015, which resulted in Dignity ending the quarter with a $28.9 million overall loss.
Last year, California’s provider-fee program added $57.6 million in income to Dignity’s balance sheet. However, this year, the system lost out on that revenue, as the provider-fee program is still waiting on CMS approval.
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