Kaiser Permanente's operating revenues 2007-2022
Kaiser Permanente key facts
In recent years, Kaiser Permanente’s operating revenue has increased from 37.8 billion U.S. dollars in 2007 to over 95 billion U.S. dollars in 2022. Kaiser Permanente is a consortium that includes various entities of managed health care. It includes three distinct factors including the Kaiser Foundation Health Plan, Kaiser Foundation Hospitals, and the regional Permanente Medical Groups. The organization began in 1933 in California where Henry Kaiser formed an insurance consortium in order to comply with their workers’ compensation obligations. Since then, it has become one of the largest managed care organizations within the United States. Currently, this non-profit includes eight states and is headquartered in Oakland, California.
The number of Kaiser Permanente’s members has increased by over three million since 2008, from 8.6 million to 12.4 million members in 2019. Similarly, its number of employees has increased, reaching more than 217 thousand people in 2019 with over 23,000 physicians employed. The organization has run into controversy, especially in its North and South Carolina branches due to management, patient care, as well as financial and technology issues. In 2013, the California Department of Managed Health Care fined Kaiser Permanente 4 million U.S. dollars due a lack of provision of inadequate mental health care for its patients.