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Article: Blue Care Network completes financial turnaround.
- Article from:
- PR Newswire
- Article date:
- March 6, 1990
CopyrightCOPYRIGHT 1990 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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BLUE CARE NETWORK COMPLETES FINANCIAL TURNAROUND
SOUTHFIELD, Mich., March 6 /PRNewswire/ -- For the second consecutive year, the Blue Care Network (BCN) health maintenance organizations (HMOs) have reported an operating surplus to the state insurance bureau.
The 1989 net income was $23.8 million, up substantially from the $4.7 million surplus reported for year-end 1988.
Blue Care Network is comprised of four separate HMOs affiliated with Blue Cross and Blue Shield of Michigan (BCBSM). Each of the four showed a positive net gain.
The network includes BCN of Southeast Michigan, which serves the five-county metropolitan Detroit ...