San Francisco-based Dignity Health's operating income increased in the three-month period that ended March 31, as patient volumes at the system's facilities grew.
Dignity Health reported revenue of nearly $3 billion for the three-month period, up from $2.6 billion in the comparable period of 2014.
The system, which operates 39 hospitals in Arizona, California and Nevada, reported operating income of $39.9 million for the three-month period that ended March 31, compared to a $20 million operating loss for the same period of last year. That growth was attributable largely to higher patient volumes, as admissions at the system's facilities when adjusted for outpatient activity increased 5.4 percent over the same period of the year prior.
Dignity Health also saw fewer self-pay patients during the three months that ended March 31, which contributed to the system's improved financial picture.
Dignity Health posted net income of $146 million for the three-month period, up from $65.6 million for the comparable period of last year.
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