During the nine-month period, revenue increased 12% year over year to $5.7 billion while expenses rose 9% to $5.8 billion, according to recently published financial documents. Under expenses, salaries and benefits increased 5% to $2.3 billion and supply costs rose 10% to $1 billion.
After accounting for nonoperating items, Geisinger reported $34.3 million in net income in the nine months ending Sept. 30, compared with a net loss of $973.9 million during the same period in 2022.
Oakland, Calif.-based Kaiser Permanente plans to acquire Geisinger in a deal that would see the Pennsylvania health system be the first to join Risant Health, a new nonprofit organization launched by Kaiser Foundation Hospitals. The deal is subject to regulatory approval.
Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit
