San Francisco-Based Dignity Health Reports Growing Debt
The health system says growing expenses and Medicaid business as well as a decline in privately insured patients have hurt the company's financial performance.
Dignity Dips Into The Red As Medicaid Volume Grows
Dignity Health has been taking steps to bring in new revenue and trim expenses but its financial performance nevertheless dipped into the red in its most recent earnings report. The San Francisco-based system has been struggling to get ahead of its growing expenses, particularly from salary and benefit costs, supplies and purchased services. Revenue, meanwhile, is increasing at a slower pace, particularly as Dignity sees a decline in admissions from commercially-insured patients. (Kutscher, 5/16)