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Kaiser Permanente continues financial turnaround with strong Q2

CMS sets pay hikes for inpatient, long-term care hospitals

Kaiser Permanente delivered another strong quarter in 2023, in contrast to last year’s multibillion-dollar losses.

On Friday, the Oakland, California-based nonprofit organization reported net income of $2.08 billion in the second quarter, compared with a $1.3 billion loss in the year-ago period. Revenue was up 7.2% to $25.17 billion. Quarterly expenses rose 4.5% to $24.42 billion.

Operating income totaled $741 million, up from $89 million a…


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