Part­ners Health­Care said last week it lost $22 mil­lion from op­er­a­tions in its most re­cent fis­cal year.

Modern Healthcare - - LATE NEWS -

The Bos­ton-based health sys­tem could have man­aged a sur­plus if it weren’t for its strug­gling health in­surance arm. Neigh­bor­hood Health Plan, which Part­ners bought in 2012, lost $202 mil­lion in the year ended Sept. 30. Ex­ec­u­tives said the steep losses re­sulted from higher-than-ex­pected med­i­cal claims, high costs re­lated to hep­ati­tis C drug So­valdi and trou­bles with the Mas­sachusetts in­surance ex­change. The health plan has more than 330,000 mem­bers.

Newspapers in English

Newspapers from USA

© PressReader. All rights reserved.