MVP Health Care, which is the Rochester area's second largest insurer, is reporting a deficit of $12.4 million in 2014. But the organization says that was a nine percent improvement over 2013.
MVP says revenues increased by nearly 18 percent and membership remained strong.
Revenues totaled $2.9 billion in 2014.
Officials say MVP's fiscal performance last year significantly exceeded its earlier projections due in part to great savings realized through the integration of Hudson Health Plan, which is a Medicaid managed care organization based in Tarrytown, NY.