Kaiser Permanente revenue
$64.6 billion USD (2016)
Why is Kaiser Permanente so expensive?
Why is Kaiser so expensive? In California’s new state-run health insurance market, Kaiser Permanente will cost you. … Some experts say Kaiser intentionally bid high to avoid drawing too many customers next year who are sick or who have been uninsured for years and may be costlier to treat. What is different about Kaiser Permanente?
Is Kaiser Permanente a publicly traded company?
Kaiser Permanente is among many health systems giants that have reported major financial hits in the first quarter including publicly traded health systems Tenet Health, Community Health Systems, Universal Health Systems and HCA Healthcare.
Why is Kaiser Permanente so good?
You can count on:
- Predictable costs and a fixed annual limit on your out-of-pocket costs
- High-quality care from a doctor and care team that get to know you
- The freedom to change to another available Kaiser Permanente doctor anytime
- Convenient care options to make it easier to stay healthy
Is Kaiser Permanente the best health insurance on the market?
Kaiser Permanente has frequently been named as one of the best health insurance providers in the country. Rankings on both HealthCare.gov and Medicare.gov give plans 4 to 5 stars, which is consistently higher than many other major insurance companies.
How much is Kaiser Permanente spending in 2020?
This total, combined with operating income, resulted in net income for 2020 of $6.4 billion, compared to $7.4 billion in 2019. Capital spending totaled $4.0 billion, compared to $3.5 billion spent the year prior. As of December 31, 2020, the Kaiser Permanente network included 723 medical offices, 39 owned and operated hospitals, ...
What is Kaiser Permanente?
Kaiser Permanente is committed to helping shape the future of health care. We are recognized as one of America’s leading health care providers and nonprofit health plans. Founded in 1945, Kaiser Permanente has a mission to provide high-quality, affordable health care services and to improve the health of our members and the communities we serve. We currently serve 12.4 million members in 8 states and the District of Columbia. Care for members and patients is focused on their total health and guided by their personal Permanente Medical Group physicians, specialists, and team of caregivers. Our expert and caring medical teams are empowered and supported by industry-leading technology advances and tools for health promotion, disease prevention, state-of-the-art care delivery and world-class chronic disease management. Kaiser Permanente is dedicated to care innovations, clinical research, health education, and the support of community health.
How many Kaiser Permanente hospitals are there?
As of December 31, 2020, the Kaiser Permanente network included 723 medical offices, 39 owned and operated hospitals, and 56 retail and employee clinics.
How many visits did Kaiser Permanente make in 2020?
In 2020, Kaiser Permanente provided more than 31 million telehealth visits (scheduled telephone and video visits), enhancing care while providing increased safety and convenience for its members. In addition, Kaiser Permanente completed nearly 4.6 million e-visits. Members visited the kp.org member portal and mobile app more than 423 million times for activities such as sending secure messages to clinicians, viewing lab results, and filling 42 million prescriptions.
How much did Kaiser spend on community health in 2020?
In total Kaiser Permanente spent $3.6 billion on Community Health programs.
Membership
Kaiser Permanente membership as of December 31, 2021, was 12.5 million, reflecting an annual increase of almost 185,000 members. Government programs that help people retain health care coverage during the pandemic led to growth in members with individual, Medicare, and Medicaid plans.
Leveraging virtual care
Caring for members through 28.8 million telehealth visits and nearly 15.9 million e-visits, Kaiser Permanente utilized investments in technologies that enable safe and convenient care to meet the increase in demand for virtual care offerings during the year.
Improving community health
In 2021, Kaiser Permanente continued its long-standing commitment to improving the health of its members and the communities it serves by investing $2.6 billion in community health programs.
2021 and 2020 annual financial summary
Kaiser Permanente is committed to helping shape the future of health care. We are recognized as one of America’s leading health care providers and nonprofit health plans. Founded in 1945, Kaiser Permanente has a mission to provide high-quality, affordable health care services and to improve the health of our members and the communities we serve.
The Oakland-based healthcare organization also saw its expenses rise alongside its revenues in 2019
Kaiser Permanente posted total operating revenues of $84.5 billion in 2019, according to its annual financial report released Friday.
C-SUITE PERSPECTIVE
"Our solid 2019 operating performance and strong investment returns position Kaiser Permanente to continue delivering on our deep and long-standing commitment to provide high-quality, affordable health care and coverage," Greg Adams, CEO of Kaiser Permanente, said in a statement.
Dive Brief
Kaiser Permanente continued growth in revenue during the second quarter ending June 30, but its profits have taken a hit. The Oakland-based nonprofit reported net income of nearly $3 billion on revenue of $23.7 billion. Although revenue increased by 7.2% compared to the second quarter of 2020, its net income dipped by more than a third.
Dive Insight
Although a nonprofit organization, Kaiser Permanente regularly operates in the black with net margins well into the double-digits.
Dive Brief
Kaiser Permanente had a record amount of net income in 2021, as investment returns more than offset a decline in operating income as COVID-19 expenses rose in the pandemic's second year.
Dive Insight
Kaiser cared for an increasing number of COVID-19 patients during the delta and omicron surges last year, and saw expenses rise as it expanded testing and mass vaccination sites. As a result, the 39-hospital system, which also operates a sizable outpatient business and insurance plans, saw its operating results flag in 2021.
Recommended Reading
Topics covered: M&A, health IT, care delivery, healthcare policy & regulation, health insurance, operations and more.