Partners HealthCare Releases Financial Results

Partners HealthCare, based in Boston, Ma. released First Quarter results ending December 31, 2017. Here are some of the results:

Revenue of $3.4b (up 6%)
$115m in operating income
Operating expense of $3.3b (up 2%)
Supplies and other expenses of $53m (up 8%)

Peter K. Markell, Chief Financial Officer and Treasurer for Partners HealthCare states:
“We experienced strong first quarter results, driven by volume growth, new efficiencies realized through our Partners 2.0 initiative, and greatly improved performance at Neighborhood Health Plan”

It is an interesting read to see how its provider performance and insurance income contributes to its results.

Click here for entire financial results