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.
More articles on healthcare finance:
Highmark Health, Allegheny Health Network to invest $1B in new hospital, renovations
CMS grants Kansas a 12 month Medicaid extension after an initial request was denied
Columbus Marathon raises $1M for Nationwide Children’s Hospital