Sacramento, Calif.-based Sutter Health reported its operating margin increased to 3.8 percent in the first quarter of fiscal year 2015, up from an operating margin of 2 percent in the same period a year ago.
Here are six key points from Sutter's first-quarter financial statement.
1. The 25-hospital system reported revenue of $2.7 billion for the first quarter of fiscal 2015, compared to revenue of $2.4 billion in the same period of last year.
2. The system's expenses for the first quarter were nearly $2.6 billion, up from $2.3 billion in the comparable period of 2014.
3. Sutter Health reported operating income of $101 million in the first quarter of fiscal 2015, a significant increase over its operating income of $47 million in the same period of last year.
4. Emergency room visits at the system's facilities increased 13.4 percent in the first quarter of fiscal 2015, compared to the same period of last year, while overall admissions remained almost flat.
5. The system disclosed in its financial statement that it entered into a $3 million settlement with the Department of Justice in May of this year to resolve an investigation into whether the system followed national guidelines when it provided implantable cardioverter defibrillators to certain Medicare beneficiaries from October 2003 through June 2010.
6. The system ended the first quarter of fiscal 2015 with a net surplus of $133 million, compared to a net surplus of $77 million in the same period a year ago.
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