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Kaiser Permanente reported a $608 million operating loss in Q3, driven by high medical expenses, increased service utilization, and inflationary pressures affecting the entire industry. Despite a year-to-date net income of $10.3 billion, the health system is implementing cost-control measures and adapting to market changes while maintaining a focus on patient-centered care. Membership stood at nearly 12.5 million, with ongoing investments aimed at improving service delivery and member experience.
Kaiser Permanente's CEO Greg Adams announced plans for Risant Health to acquire five to six community health systems, aiming to enhance value-based care and achieve $30-$35 billion in revenue. The initiative focuses on supporting financially sound organizations committed to quality outcomes while maintaining their operational independence. Adams emphasized the need for healthcare leaders to embrace innovation and adapt to changing consumer expectations post-COVID.
Greg Adams
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kaiser permanente reports 608 million operating loss amid rising healthcare costs
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Kaiser Permanente Group Trust
Geisinger Health
USA
Greg Adams
Kathy Lancaster
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21:00 11.11.2024
kaiser permanente expands value based care through risant health acquisitions
Geisinger Health
Cone Health
Kaiser Permanente Group Trust
USA
Henry Kaiser
Alexandra Drane
Greg Adams
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04:00 22.10.2024
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