Newton, Mass.-based Atrius Health, a nonprofit independent medical group with 31 practices, reported solid financial results for 2018.
Atrius posted an operating surplus of $38.7 million for 2018, which marks the second consecutive year of financial gains. In 2017, the medical group posted an operating surplus of $24.4 million the year prior, according to a news release.
The group said the operating surplus for 2018 resulted in a 2.1 percent operating margin for the year on revenues of $1.89 billion.
Atrius attributed its improved financial results to the group's history of delivering value-based care and ability to perform well on its full-risk contracts. Atrius officials said about 75 percent of the group's revenue now comes from full-risk contracts.
"These results are a real validation of our model of care and a testament to our track record of effective prevention, access and care coordination in managing total medical expenses. Proactively serving patients and helping keep them out of costly settings like the emergency department or hospital has worked very well," said Steve Strongwater, MD, president and CEO of Atrius Health.
Atrius said it has also seen improvements in patient experience scores and will continue care delivery initiatives such as its new collaboration with Blue Cross Blue Shield of Massachusetts, which provides a global budget for the care of more than 130,000 Atrius Health patients.
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