Independence Health Looks to Cut Losses, Crunch Data to Improve Bottom Line, Patient Care as 3rd Year Begins

Trib Live: Independence Health cut its operating losses by close to 50% in 2024, but those losses remain in the eight-figure range, prompting leaders of the regional health system to further reduce expenses.

Excela and Butler health systems combined in 2023 to create a third, albeit smaller, health care giant in a region that’s already home to UPMC and Allegheny Health Network, with hospitals and medical offices across Western Pennsylvania and beyond.

Independence Chief Financial Officer Tom Albanesi touted the subsequent reduction in financial losses in a recent interview and promised more to come.

“We intend on at least cutting it in half again in 2025,” Albanesi said.

Collaboration is key as Independence marks its second anniversary this month. Medical staffs that are spread across Butler, Clarion and Westmoreland counties are finding ways to work together, administrators say.

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