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SFHSS reports better claims experience, $28M pharmacy rebates and record interest income
San Francisco Health Service Board · September 12, 2024
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Summary
CFO Iftikhar Hussain reported pre‑audit fiscal results through June 30: a favorable claims experience, pharmacy rebates about $28 million (roughly 50% higher than last year), and record interest income of about $7.4 million; controls and audit work were described as proceeding well.
Iftikhar Hussain, SFHSS chief financial officer, presented the system’s pre‑audit results for the fiscal year ending June 30, 2024, and told the board that overall experience had improved from last year’s high claims environment.
Hussain said pharmacy rebates were about $28,000,000 —…
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