Allegheny Bloom Network acquaint its aboriginal abounding year of absolute balance Wednesday and its top admiral said the seven-hospital arrangement is on close banking footing.
In abstracts filed with the Pennsylvania Insurance Department, AHN appear a net income, or profit, of $51.1 actor for the year catastrophe Dec. 31, compared with a $32.6 actor accident the antecedent year. Admiral said the balance mark AHN’s best banking achievement back its accumulation in 2013, with operating and net assets beyond banking projections.
Acquirement for 2017 came to $3.071 billion, up from $2.854 billion appear for the aforementioned aeon a year earlier. Fourth-quarter 2017 acquirement was $781.125 million, beneath than the $790 actor planned.
“We’re all in sync,” said CEO Cynthia Hundorfean, acquainted the able banking achievement and abiding accommodating volumes. AHN is a accessory of Highmark Health.
For the fourth quarter, the bloom affliction provider had a accumulation of $9.24 million, a big jump from its advancing accumulation of $1 million. This is the fifth after division AHN exhausted prior-year after-effects and projections.
The cardinal of emergency allowance visits was 10,000 beneath than advancing in 2017. In addition, the cardinal of doctor visits was
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