Hawai’i Pacific Health ends FY 2017 with 69% increase in net income

Honolulu-based Hawai’i Pacific Health recorded net income of $97.19 million in fiscal year 2017, up 69 percent from $57.57 million in the previous fiscal year.

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Here are three things to know.

1. The increase in net income came as expenses increased, according to recent financial filings. Hawai’i Pacific Health’s expenses totaled $1.23 billion in the fiscal year ended June 30, up from $1.18 billion in fiscal year 2016.

2. At the same time, the health system’s revenue rose 3.5 percent to $1.29 billion in 2017, up from $1.25 billion in the previous year.

3. Hawai’i Pacific Health ended fiscal year 2017 with operating income of $57.33 million, down from $68.04 million in the year prior.

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