Kaiser Permanente hit by pandemic but remains in the black in 2020

Elvera Bartels

It can be been a tricky yr for vendors, payers and the entire healthcare ecosystem. That is mirrored in Kaiser Permanente’s 2020 financials, which have been declared late last 7 days. Functioning earnings fell about 19% in comparison to 2019, and net earnings fell all around fifteen%, however the nonprofit insurance provider and healthcare facility operator was ready to continue being in the black for the yr.

Whole working earnings elevated for the yr, growing from $84.5 billion in 2019 to $88.seven billion in 2020. But overall fees rose to $86.5 billion, practically a $5 billion maximize from the yr prior, while working earnings dipped from $two.seven billion to $two.two billion, representing two.5% of working revenues.

Kaiser’s well being system data showed 12.four million users, a obtain of about 110,000 users for the yr. The firm attributed these somewhat stable figures to endeavours it designed, along with the federal authorities

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