Kaiser Foundation Health Plan and Hospitals reported $85.4 billion in operating revenues and $84.2 billion in expenses for the first nine months of 2024, yielding an operating income of $1.2 billion. Despite a third-quarter operating loss of $608 million, net income surged to $10.3 billion, bolstered by a one-time gain from the acquisition of Geisinger Health. Membership reached nearly 12.5 million, with ongoing capital investments of $2.6 billion aimed at enhancing care delivery and meeting safety mandates.
The healthcare industry is witnessing significant cross-market mergers aimed at enhancing care delivery and ensuring sustainable growth. Notable mergers include Sanford Health and Marshfield Clinic Health System forming a 56-hospital network, Northwell Health and Nuvance Health creating a nonprofit system with 28 hospitals, and BJC HealthCare merging with Saint Luke's Health System to consolidate $10 billion in revenue. Additionally, Risant Health acquired Geisinger Health, while Atrium and Advocate Aurora established Advocate Health, a 69-hospital system with over 155,000 employees.
Seems like the connection with the server has been lost. It can be due to poor or broken network. Please hang on while we're trying to reconnect...
Oh snap! Failed to reconnect with the server. This is typically caused by a longer network outage, or if the server has been taken down. You can try to reconnect, but if that does not work, you need to reload the page.
Oh man! The server rejected the attempt to reconnect. The only option now is to reload the page, but be prepared that it won't work, since this is typically caused by a failure on the server.
