Net income at Sacramento, Calif.-based Sutter Health in fiscal year 2012 jumped to $735 million — a 15.9 percent increase from 2011.
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.
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.
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