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Health system projects $30 million general fund surplus; recommends $25 million transfer for EHR project
Summary
CFO Greg Wagner reported a projected $30 million general fund surplus for the fiscal year driven by higher-than-expected revenues (including an $11.8 million Whole Person Care payment) and division-level variances; the report assumes a $25 million transfer into the EHR project and noted some expenditure pressures at the new hospital.
Greg Wagner, chief financial officer, presented the San Francisco Health Network’s second-quarter revenue and expenditure report for fiscal 2016–17. Wagner said the system was projecting a net $30 million general fund surplus for the year, which includes an $11.8 million payment for the first year of the Whole Person Care program (received after the report was prepared).
Wagner outlined division-lev…
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