Fallon Health reports strong second quarter financial results

Worcester, Mass., August 15, 2019 ― Fallon Health today reported net income of $3.5 million on revenue of $415 million for the second quarter, which ended on June 30, 2019. Net income included investment and other income of $2.2 million and an operating income of $1.3 million. For the same quarter last year, Fallon posted net income of $2.8 million on revenue of $422 million, which included investment and other income of $1.2 million and operating of $1.6 million. Membership was at 265,981 at the end of the second quarter of 2019.

“Our results are consistent with expectations. This positive performance is due to effective management of administrative expenses and initiatives focused on controlling the costs of pharmacy and medical services. Through strategic investments and strong provider partnerships, Fallon continues to offer high-quality plans to meet the health care needs of people of all ages, health statuses and income levels,” said Lisa Cohen, Interim Chief Financial Officer.

Melissa Randall
Corporate Communications Manager, Fallon Health
508-368-9345

About Fallon Health
Founded in 1977, Fallon Health is a leading health care services organization that supports the diverse and changing needs of those we serve. In addition to offering innovative health insurance solutions and a variety of Medicaid and Medicare products, we excel in creating unique health care programs and services that provide coordinated, integrated care for seniors and individuals with complex health needs. Fallon has consistently ranked among the nation’s top health plans and is accredited by the National Committee for Quality Assurance for its HMO, Medicare Advantage and Medicaid products.