Sutter Health, which recently released its FY 2012 financials, said its boost in profit was partially due to $94 million in supplemental payments from California due to previous years of underpayments for Medicaid patients.
The 24-hospital system’s revenue last year also increased to $9.56 billion, a 5.3 percent surge from FY 2011. Operating income totaled $549 million, while investment income fell to $137 million.
More Articles on Hospital Finances:
Mayo Clinic’s Earnings Drop 35% in FY 2012
NewYork-Presbyterian’s Profit in FY 2012 Nearly Doubles to $326M
Kaiser Hospitals’ Net Income Soars 30% in 2012 to $2.6B
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