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Kaiser Foundation Health Plan, Hospitals 2020 financial results


Kaiser Foundation Health Plan, Hospitals 2020 financial results
Largest nonprofit, integrated health care system reports stable operating performance while providing high-quality health care during pandemic.
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OAKLAND, Calif., Feb. 5, 2021 /PRNewswire/  Kaiser Foundation Health Plan, Inc., Kaiser Foundation Hospitals, and their respective subsidiaries (KFHP/H) reported 2020 annual financial results, demonstrating stable performance during the pandemic. Total operating revenues for 2020 were $88.7 billion, compared to $84.5 billion in 2019. Total operating expenses were $86.5 billion, compared to $81.8 billion in the prior year. Operating income was $2.2 billion, or 2.5% of operating revenues, compared to $2.7 billion in 2019, or 3.2%.
Our 2020 year-end results reflect the strength of our integrated model amid the unparalleled challenges of fighting COVID-19. In each stage of the pandemic, Kaiser Perm ....

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