Dignity Health's operating income jumps 47% as net surplus tumbles

San Francisco-based Dignity Health's operating income increased in fiscal year 2015, as the system's net patient service revenue and premium revenue grew.

Dignity reported nearly $12.4 billion in revenue for FY 2015, up 16 percent from last year. The financial boost was largely attributable to a rise in the system's net patient service revenue and premium revenue, which increased 20.4 percent and 13.9 percent, respectively.

The system's expenses increased 15.1 percent year-over-year, growing to $12 billion in FY 2015.

Dignity ended FY 2015 with operating income of $423.3 million, up from $287.8 milloin the year prior.

After accounting for a 74.1 percent drop in investment income, Dignity ended the most recent fiscal year with a net surplus of $557.9 million, down 37 percent from FY 2014.

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