Becker's Healthcare February 9, 2024
Oakland, Calif.-based Kaiser Permanente reported $329 million in operating income (0.3% margin) in 2023, a significant improvement on the $1.3 billion operating loss (-1.3% margin) it reported in 2022.
Operating revenue for Kaiser’s health plan, hospitals and their respective subsidiaries hit $100.8 billion in 2023, up from $95.4 billion the previous year. Expenses were $100.5 billion, up from $96.7 billion.
After factoring in nonoperating items, which primarily consists of investment returns, Kaiser’s net income for 2023 was $4.1 billion, compared to a $4.5 billion net loss in the prior year.
Kaiser’s health plan declined by 51,000 members year over year to more than 12.5 million members. The system attributed the drop to economic factors including the slowing...
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