Budgeting
Healthcare bankruptcies are currently on track to see 58 cases by the end of this year, a 27% decline from the 79 cases filed in 2023.
Kaiser reported operating revenues of $29.1 billion and operating expenses of $28.2 billion during the quarter.
A new survey identifies a number of key strategies hospital and health system leaders are exploring to mitigate financial pressures.
Insurance revenue during the second quarter grew 11% to $349.9 million, driven by strong member retention and intra-year growth.
CEO Jim Rechtin said a "challenging external environment" is preventing the company from reaching its full potential.
The median, year-to-date health system operating margin held steady at 2.3% for a second consecutive month in June.
If the subsidies expire, the Congressional Budget Office expects ACA Marketplace enrollment to drop sharply.
Profit and revenue have increased since the company posted $1.05B in profit and $37.6B in revenue in Q2 2023.
Hospitals are focusing on rebuilding cash reserves by cutting costs and boosting revenue through service line management.
Due to the strong performance, the company is forecasting 2024 EPS guidance of $21.60 to $22.80 per share, both improvements.