Minnesota’s health system reported record first-quarter profits as the state’s new health insurance marketplace kicked in.
MinnesotaHealth reports a record $13.6 million in first-half operating profit, up from $10.7 million a year ago, according to a report from The Associated Press.
The system also said it raised the average premiums for its plan plans to $3,500 from $2,800.
The health system is also boosting its use of automated technologies to manage its operations, which includes digital marketing and e-health programs.
The AP previously reported that the health system was facing a $3.4 million shortfall and was understaffed.
In a letter to its shareholders, the company said it had raised premiums in an attempt to help stabilize the cost of the health care plan.