What is Beth Israel Lahey Health's current financial status?

Beth Israel Lahey Health has achieved its first operating gain in four years, reporting a nearly $100 million profit for the fiscal year ending September.

What key strategies has Dr. Kevin Tabb implemented at Beth Israel Lahey Health?

Dr. Kevin Tabb has focused on shifting 70 percent of medical care to community settings and significantly invested in expanding primary care services.

Home / Business and Economy / BILH Achieves First Profit in Four Years with Strategic Shift

BILH Achieves First Profit in Four Years with Strategic Shift

Q: How has Beth Israel Lahey Health expanded its primary care services?

The system has experienced a 30 percent growth in primary care providers over the last four fiscal years, adding 60 new clinicians in the past year.

24 Jan

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Summary

Beth Israel Lahey Health reports its first operating gain in four years.
System leader Kevin Tabb focused on community-based care and primary care.
The organization achieved a nearly $100 million operating gain last year.

BILH Achieves First Profit in Four Years with Strategic Shift

Beth Israel Lahey Health (BILH) has reported its first operating gain in four years, achieving nearly $100 million in profit for the fiscal year ending September. This financial turnaround is largely credited to the strategic vision of system leader Dr. Kevin Tabb, who has prioritized expanding care into community settings.

Dr. Tabb's strategy involved shifting 70 percent of medical care to community hospitals and clinics, a move that began following the 2019 merger of Beth Israel Deaconess Medical Center and Lahey Health. This approach has successfully lowered operating costs by moving services from more expensive academic medical centers.

Further contributing to BILH's success is a significant investment in primary care. The system has seen a 30 percent growth in primary care providers over the last four fiscal years, including 60 new clinicians added in the past year alone. This expansion is crucial for patient referrals and the long-term health of the system.