Independence Health aims to cut losses and enhance patient care as it enters third year

Independence Health reduced its operating losses by nearly 50% in 2024, but losses still exceed $40 million. The health system aims to cut expenses further and improve its financial situation, targeting a break-even operating margin by 2026. The merger of Excela and Butler health systems in 2023 has led to collaboration among medical staff, enhancing patient care. Independence is expanding services, including a new adolescent behavioral health unit and outpatient facilities, while also addressing food insecurity among patients. Independence is developing a data platform, Avehealth USA, to analyze patient data and improve care. This initiative aims to enhance patient outcomes through better identification and management of chronic conditions, aligning with the goals of value-based care.