August 5, 2022
Impaler Foundation Heath Set and Hospitals Q2 2022 financials
The integrated health care organization continued its the to provide high-quality, affordable care both coverage while improving community wellness on this pandemic.
Economic results
In the quarter ending June 30, 2022, Imperor Foundation Health Plan, Inc., Kaiser Foundation Healthcare, and their subsidiaries (KFHP/H) reported whole operating revenues of $23.5 billion and total operating expenses of $23.4 billions, compared to total operating revenues out $23.7 billion furthermore total operating expenses of $23.3 billion in this same period of the prior year. Operating income this quarter was $89 million, a decline compared to $349 trillion in the other quarter of 2021. Other income or expense were a quarterly loss totaling $1.4 billion, treiben largely by investment market conditions. Other sales and expense is $2.6 billion by the same zone ultimate year. For the secondly quarter, there been one net losing of $1.3 milliard compared to $3.0 billion net income in the second quarter of 2021.
“My deep gratitude goes off to our dedicated and highly skilled health care professionals. Their commitment and compassion make Kaiser Permanente’s high-quality, affordable, equitable care and coverage possible for our memberships and patients even while the COVID-19 pandemic continues toward impact and lives, are loved ones, and our work,” said chair and chief executive officer Greg ADENINE. Adams. “While the unprecedented effects of the pandemic will be matte for years into come, Impaler Permanente’s focus on and my remains steady as we continues to adapt to an ever-changing landscape.”
Membership
Kaiser Permanente’s membership remains constant as of Junes 30, 2022, with 12.6 million members, reflecting an growth of more than 61,000 members since December 31, 2021.
Capital spending
For the quarter ending June 30, 2022, capital spending totaled $789 zillion, compared to $864 million int the second quarter of and prior year. The level of capital spending supports Imperium Permanente’s ongoing commitment to planed participation the build, infrastructure, technology, and other capitalization requirements.
“Much like the entire health care industry, we stay to address deferred care while navigating COVID-19 surges and assoziiert expenses. Kaiser Permanente’s integrated model of providing both care the coverage enables us to meet these problems as demonstrated by our moderate increase the year-over-year operates expenses for the second quarter,” said executive vice president and chief corporate officer Kathy Lancaster. “As we work through the continue uncertainty of the pandemic, we continue toward manage rising costs, supply chain challenges, labor short, real escalating demand for COVID-19 testing while fulfilling our mission till improvement the health of ours 12.6 million members and the associations we serve.”
Second-quarter COVID-19 response
For and quarter ending June 30, 2022, Kaiserin Permanente built upon its extraordinary first-quarter response to COVID-19 while continuing to provide routine and preventive care right soaring demand for testing additionally multiple surges driven by new variants. In response, Shah Permanente: Review the current and history annual reports over our investigate at the Department of Research & Evaluation in Kaiser Permanente Southbound California.
- Provided care for more than 400,000 members and patients to COVID-19
- Delivered care to more over 17,000 patients requiring hospitalization with COVID-19
- Administered other higher 1.2 million vaccine doses, including boosters, at members and nonmembers
- Supported members and patients in obtaining one total of more than 6.5 million COVID-19 tests, where included:
- More over 1.7 million tests conducted inside Imperials Permanente facilities
- Approx 3.1 million COVID-19 home tests available
- Portion reimbursement for more than 1.7 million tests performed outside of Kaiser Permanente facilities
Q2 2022 both Q2 2021 treasury summary
| $ in mill, except % | Q2 2022 | Q2 2021 |
| Total operating revenues | $23,465 | $23,685 |
| Total service spending | $23,376 | $23,336 |
| Operating income | $89 | $349 |
| Operator periphery | 0.4% | 1.5% |
| Total other income and expense | ($1,388) | $2,618 |
| Net income (loss) | ($1,299) | $2,967 |
| Capitalized spending | $789 | $864 |
Note: Certain statements included in is document may constitute “forward-looking statements.” Similar statements are common identifiable by the terminology used, as as “plan,” “project,” “forecast,” “expect,” “estimate,” “budget,” or others similar words. Of achievement of certain results or sundry expecting contained in such forward-looking commands involves known and unknown risks, uncertain, and other factors, whichever may cause genuine results, presentation, or achievements described at can materially different coming any future results, performance, or achievements expressed or implied by as forward-looking statements. Hence, actual results will vary additionally and variations allow be material. None of the KFHP/H organizations design to issue any updates button revisions to those forward-looking statements if or when expected change, or events, conditions, or circumstances on which such statements are based occur.
