May 14, 2007
FCHP net income totals $3.3M
By Christina Davis
Worcester-based Fallon Community Health Plan (FCHP) reported $3.3 million in net income, down 33 percent from the $4.9 million it reported during the same period a year earlier.
FCHP said the $3.3 million in net income included $2 million of investment income and $1.3 million in income from operations.
Revenue for the quarter totaled $226.5 million, up from the $214 million in revenues FCHP recorded in the first quarter of 2006.
During the quarter, FCHP's Summit ElderCare program opened an adult day health center in Charlton, the second in the state.
FCHP also began offering subsidized health insurance plans through the state's Commonwealth Care program.
FCHP said the $3.3 million in net income included $2 million of investment income and $1.3 million in income from operations.
Revenue for the quarter totaled $226.5 million, up from the $214 million in revenues FCHP recorded in the first quarter of 2006.
During the quarter, FCHP's Summit ElderCare program opened an adult day health center in Charlton, the second in the state.
FCHP also began offering subsidized health insurance plans through the state's Commonwealth Care program.
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