Ia­sis re­sults im­prove as it adds vol­ume, plan mem­bers

Modern Healthcare - - REGIONAL NEWS - —Beth Kutscher

Ia­sis Health­care re­ported $5.2 mil­lion in in­come in the fourth quar­ter of its fis­cal 2014 as it booked more rev­enue and saw more pa­tients in its acute-care and health plan busi­nesses. That com­pares to a $3.6 mil­lion loss dur­ing the same pe­riod last year.

The pri­vately held Franklin, Tenn.-based chain re­ported a 16.4% in­crease in rev­enue, or $655.4 mil­lion com­pared with $563 mil­lion in the year-ago pe­riod. Ia­sis at­trib­uted the im­prove­ment to a 2.6% in­crease in ad­justed ad­mis­sions, a 5.2% rise in rev­enue per ad­justed ad­mis­sion and an 18.8% in­crease in lives cov­ered under Health Choice, its health plan busi­ness.

The com­pany said an im­prov­ing econ­omy and greater em­ploy­ment in its lo­cal mar­kets as well as a bet­ter payer and ser­vice line mix also boosted re­sults.

De­spite the fourth-quar­ter im­prove­ment, Ia­sis still fin­ished the year with an over­all $2.4 mil­lion loss on $2.5 bil­lion in rev­enue for fis­cal 2014 ended Sept. 30. In fis­cal 2013, it posted in­come of $3.3 mil­lion on $2.3 bil­lion in rev­enue.

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