Kaiser 2nd Quarter Financial Performance
California Factoid: 9/4/19
* Not-for-profit Kaiser Permanente's net income jumped 214% in the second quarter of 2019 year-over-year, hitting $2 billion in the quarter that ended June 30.
* Kaiser's expenses grew 5.5% in the second quarter year-over-year, but at a slower clip than revenue, which grew 9.3% during that time.
* The system pulled in $1.1 billion in operating income on $21.4 billion in revenue, a 5.2% margin, in the first quarter of 2019 - compared with just $345 million in operating income on $19.6 billion in revenue in the first quarter of 2018, a 1.8% margin.
Source: Modern Healthcare: Kaiser's net income continues to soar on investment gains
News Region:
California