Escondido, Calif.-based Palomar Health plans to continue supporting medical group Arch Health Partners, despite growing losses, according to The San Diego Union-Tribune.
Arch Health Partners has operated in the red since 2010, when Palomar Health helped form the medical group. In the seven years since its creation, AHP's combined losses have totaled $82 million.
Even with the mounting losses, Palomar Health isn't ready to walk away from AHP.
"The reality today is that it's nearly impossible for a system to operate without an aligned physician group," Della Shaw, Palomar's executive vice president of strategy, told The San Diego Union-Tribune.
Although officials aren't sure when, or if, AHP will operate in the black, Palomar Health's finances are improving. The system is expected to record an operating income of $20 million this year, CFO Diane Hansen said, according to the report.
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