Livonia, Mich.-based Trinity Health ended its fiscal year with lower-than-average margins that were dragged down by costly medical claims from its Medicare Advantage plans and increased labor and supply costs.
The not-for-profit Catholic health system reported a massive $65.3 million liability charge in the year ended June 30 after it identified data submission errors to the CMS over a six-year period for its Ohio Medicare Advantage plan Medigold, which has about 57,000 members under its Mount Carmel Health System in Columbus.
