Business Journal: UC Davis Turns A Profit
The UC Davis Health System is reporting the largest profits in its history.
Wednesday, November 29, 2006
The UC Davis Health System, which includes the Medical Center in Sacramento, turned a profit of nearly 7% for its most recent fiscal year, ending in June. Its net income of nearly $60 million was up a third from the year prior … and it’s the highest profit percentage of any of the major health systems in the Sacramento area. All are non-profits. Increased demand for healthcare services was a factor. So was a management effort involving the flow of patients, and the negotiated contracts with health plans certainly came into play. A UC spokesman says the extra money is needed for its construction projects.