Partners HealthCare Systems's operating income climbed during the first quarter of fiscal year 2015, but it continues to see losses in insurance activity.
Health care provider activity brought in $67 million in operating income, and the Neighborhood Health Plan saw $7 million in operating income in the three months that ended Dec. 31.
However, the $7 million includes a premium deficiency reserve set aside in fiscal year 2014 — without that, insurance activity would have seen a loss of $20 million.
Partners, the state's largest hospital and doctors' group, reported $45 million in operating income for the first quarter of last year, including $44 million from provider activity and $1 million from insurance activity.
"Maintaining our focus on the cost-effective, efficient delivery of care, Partners' health care providers generated a strong operating margin, which enables us to reinvest in population health management programs to further improve the patient experience," said Peter K. Markell, chief financial officer and treasurer for Partners HealthCare, in a statement yesterday. "However, our insurance plan, NHP, still faces a significant challenge with respect to receiving adequate rates from the state for the care of MassHealth members."
Total operating revenue at Partners increased $201 million to $2.8 billion in the first quarter.
According to Partners' quarterly report, "total operating expenses increased $173 million (7 percent) to $2.8 billion, due to higher wages and benefits, supplies and medical insurance claims."
Anda sedang membaca artikel tentang
Partners income up despite insurance activity losses
Dengan url
http://sedangapasaja.blogspot.com/2015/02/partners-income-up-despite-insurance.html
Anda boleh menyebar luaskannya atau mengcopy paste-nya
Partners income up despite insurance activity losses
namun jangan lupa untuk meletakkan link
Partners income up despite insurance activity losses
sebagai sumbernya
0 komentar:
Posting Komentar