Maine co-op overcomes $90M deficit — 3 key notes

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.

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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.

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