AccessMyLibrary provides FREE access to millions of articles from top publications available through your library.
Create a link to this page
Copy and paste this link tag into your Web page or blog:
Six of the Metroplex's 13 health maintenance organizations posted losses in 1994, while the most profitable - Kaiser Foundation Health Plan of Texas - raked in profits of more than $14.3 million.
The least profitable HMO - Harris Methodist Health Plan in Fort Worth - lost more than $20.7 million for the year, according to the Texas Department of Insurance.
Ron Bourland, chief financial officer of parent company Harris Methodist Health System, is not happy with the loss but said that Harris officials do not distinguish the not-for-profit health plan from the entire system.
"We look at the system on a combined basis, which really is the sheltering organization," Bourland said. "For that same time period, the system made $49 million, and that includes the health plans operations. We're a financing, management and delivery system, and all elements of those things have to be …