Hit

Kaiser Permanente hit by pandemic but remains in the black in 2020

By Penni Schewe 2 weeks ago

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

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Vaccine Shortfall to Hit Europe, Canada as Pfizer Plant Is Upgraded

By Penni Schewe 1 month ago

The European Union, Canada and some other nations will obtain less doses following 7 days of the Covid-19 vaccine designed by Pfizer Inc. and BioNTech SE due to an update at Pfizer’s European manufacturing unit, the firms mentioned Friday, adding to issues about the sluggish tempo of the world wide vaccine rollout.

The delay won’t have an impact on the U.S., which is equipped by a Pfizer manufacturing unit in Michigan, the corporation mentioned, even though all other nations are served by the pharma giant’s manufacturing unit in Puurs, Belgium, which is becoming upgraded.

Governments in Europe, which are struggling with stubbornly high Covid-19 case numbers and a glacial vaccine rollout, reacted with dismay. In an open letter to the firms, the wellbeing ministers of Sweden, Denmark, Finland, Latvia, Lithuania and Estonia mentioned the incident was unacceptable and risked undermining the believability of the vaccine rollout, which is previously facing

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