It really is been a tricky yr for suppliers, payers and the overall health care ecosystem. That is reflected in Kaiser Permanente’s 2020 financials, which have been announced late very last week. Operating cash flow fell about 19% compared to 2019, and net cash flow fell about 15%, nevertheless the nonprofit insurer and hospital operator was ready to continue being in the black for the yr.
Full running earnings improved for the yr, increasing from $eighty four.five billion in 2019 to $88.seven billion in 2020. But complete bills rose to $86.five billion, nearly a $five billion boost from the yr prior, whilst running cash flow dipped from $two.seven billion to $two.two billion, representing two.five% of running revenues.
Kaiser’s wellness plan info confirmed twelve.four million users, a gain of about 110,000 users for the yr. The corporation attributed these reasonably stable quantities to efforts it made, alongside with the federal governing