Dive Brief:
- Trinity Health in Michigan is reaping benefits from an increase in patient volume and from new acquisitions.
- The system is in the process of moving toward a delivery model that emphasizes population health.
- It is also acquiring new hospitals and divesting itself of others.
Dive Insight:
In its first quarter report, Trinity Health said the majority of its revenue growth came from an increase in patient volume; seventeen of the system's 19 regions experienced an increase. Its operating surplus has increased from $270.2 million on $10 billion in revenue to $290.1 million on $10.7 billion in revenue. The system also reported a decrease in bad debt, which it attributed in part to Medicaid expansion.
Premium revenue from capitated contracts brought in an additional $591.6 million, an increase of 18.2% over last year; the acquisition of a surgery center in South Dakota brought in another $21.5 million in income.
Want to read more? You may enjoy this interview with Trinity Health CEO Rick Gilfillan about payment reform and the most under-reported story in healthcare.