Accounting & Financial Management
CEO Andrew Toy says the company is achieving "real momentum" toward profitability, and has priced its insurance plans with that in mind.
Patient volumes, ER visits, discharges and total revenues were down in January compared to December 2022.
Readmission rates for COVID-19 were consistently lower than for patients hospitalized for other reasons.
The insurer says it will be exiting the business in a "phased manner" over the next 18 to 24 months.
<p>Partner at GSR Ventures Dr. Sunny Kumar, talks about priorities, interest areas, investing and the distinction between tech-enabled and tech services.</p>
The median price for shoulder arthroscopy was 1.68 times higher at facilities within networks compared with independent hospitals.
Capacity crisis, cost inflation and workforce vacancies continue to impact financial performance.
The increase in total revenues was driven by organic Medicaid growth and a 21% membership growth in Medicare, company says.
Healthcare facilities across the state saw a 79% decline in median operating margins from 2019 to 2022.
<p>Deputy CEO of Eastern Health Cluster Dr. Ahmed Al-Musaed talks about the network's mission to become an independent accountable care organization.</p>
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