Kaiser Permanente's subsidiary, Risant Health, has acquired Cone Health, enhancing its strategy to promote value-based care across regional health systems. This follows the earlier acquisition of Geisinger and aims to improve health outcomes while reducing costs through a tech-backed platform. Risant plans to invest up to $5 billion in its health systems, with Cone Health set to benefit from significant capital support and access to advanced care technologies.
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.
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.
