Despite increased revenue and more members compared to last year, Worcester’s Fallon Community Health Plan reported a $1.2 million net loss for the second quarter.
According to FCHP, the loss comes on operating income of $2 million, an operating loss of $3.2 million and revenue of $230 million for the quarter. At the end of the quarter, FCHP reported 189,655 members.
For the second quarter of 2006, FCHP reported net income of $2.9 million on revenue of $211 million, and 171,400 members.
FCHP said the loss comes as it enacts cost control measures to battle rising hospitalization and drug costs.
