Maine's Community Health Options co-op had a $3.7 million surplus in the first quarter of fiscal year 2017 after sustaining nearly $90 million in operating losses the previous two years, Maine Public reports.
Here's what you should know.
1. Community Health Options' Mike Gendreau told Maine Public the company turned a profit by reducing administrative costs, increasing rates and better educating members when to go to a physician's office or clinic instead of the emergency room.
2. Mr. Gendreau said the changes are impacting the bottom line while also saving the beneficiaries money.
3. The co-op projects to remain profitable for fiscal year 2017.