Kaiser Permanente said operating revenue for its nonprofit hospital and health plan units increased 7.6 percent in 2015 to $60.7 billion, but the Oakland, Calif.-based health system reported lower operating income and net income than the year prior.
Here are five things to know about Kaiser's most-recent financial results.
1. Kaiser saw strong membership gains last year, adding 650,000 new members in 2015, which gave the system a financial boost. Kaiser reported revenue of $60.7 billion in 2015, up from $56.4 billion the year prior.
2. Kaiser officials said operating income fell 18 percent year over year to $1.8 billion in 2015. Kaiser reported an operating margin of 2.9 percent for 2015, down from a margin of 3.9 percent a year earlier.
3. In an earnings call, Tom Meier, Kaiser corporate treasurer and senior vice president, did not seemed surprised by the results. He said 2014 "was an exceptional year," and not one Kaiser expected to repeat, according to the San Francisco Business Times.
4. Mr. Meier said Kaiser's investments in 2015 brought in $102 million, down from $896 million the year prior.
5. Kaiser reported net income of $1.9 billion in 2015, down from $3.1 billion a year earlier.
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