Kaiser saw revenue increase to $18.3 billion in the third quarter of this year. That’s up nearly 13 percent from revenue of $16.2 billion in the same period of 2016.
The boost was attributable, in part, to the system’s health plan unit. Since Dec. 31, Kaiser has added approximately 1 million health plan members. This growth was partially attributable to Kaiser’s acquisition of Seattle-based Group Health Cooperative in February. As of Sept. 30, Kaiser had about 11.7 million members.
Kaiser reported operating income of $850 million in the third quarter of this year, up from $672 million in the same period of 2016.
After factoring in non-operating income, Kaiser ended the third quarter of 2017 with net income of $1.3 billion, up from net income of $1.1 billion in the third quarter of the year prior.
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