From Healthcare Dive News
Kaiser Permanente Dive Brief:
- Kaiser Permanente nearly tripled its net income in 2019 to $7.4 billion due in large part to its investment portfolio, the nonprofit integrated health system reported on Monday. That’s up from $2.5 billion in net income in 2018.
- Oakland, California-based Kaiser reported operating income of $2.7 billion and other income of $4.7 billion. Nearly two-thirds of Kaiser’s net income came from investment performance rather than its core operations.
- Kaiser said the performance allows the organization to continue to make key capital investments back into the company and community. But the financials come as nonprofit healthcare operators across the country face rising scrutiny from regulators and lawmakers for mounting profits and their tax-exempt status.
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