The results included Lehigh Valley Health Network, which Jefferson acquired on Aug. 1.
, had an operating loss of $90.5 million in the three months ended Sept. 30, the Philadelphia-based nonprofit health system told bondholders Tuesday. In the same period a year ago, Jefferson and Lehigh Valley had a combinedin the quarter rose to $77.6 million from $48 million a year ago. At Lehigh Valley, the quarterly loss fell to $13 million from $36 million last year.The 32-hospital system, which stretches from northeastern Pennsylvania to South Jersey, reported $3.
Lehigh Valley’s revenue was up 12%, while Jefferson’s climbed 9%, according Jefferson’s municipal bond filing.Jefferson reported a notable jump in the insurance claims paid by its health insurance business. Jefferson Health Plans’ medical claims rose 14% to $441 million. On the other side of the ledger, health insurance premiums fell 7% to $512 million. Most of Jefferson’s insurance business is Pennsylvania Medicaid, which this year received a rate cut.
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