Danville, Pa.-based Geisinger Health, which is set to become the first health system incorporated into Kaiser Permanente's Risant Health project, has reported an operating loss of $104.4 million for the nine-month period ending Sept. 30.
That figure, on the back of $5.7 billion of revenue, was an improvement on a $215.8 million operating loss Geisinger saw in the same period in 2022. Expenses in the year rose 9.1%.
Geisinger, which reported an overall income of $34.3 million for the period, had $1.7 billion of outstanding debt as of Sept. 30.
The system had an "AA-" rating affirmed by S&P Global Nov. 13, the agency noting "significant" operating losses in the past two years.