Yubin Park, PhD’s Post

Kaiser posts $935M operating profit in Q1: Oakland, Calif.-based Kaiser Permanente reported $935 million in operating income for the first quarter up from a $233 million operating income reported in the same quarter last year, according to its May 10 financial report. Its operating margin grew from 0.9% in the first quarter of 2023 to 3.4% in the first quarter of this year.  http://dlvr.it/T6prYs

https://zurl.co/RkXj These are some pretty impressive figures, especially in light of the issues Kaiser has dealt with in the last two years.

https://zurl.co/RkXj These are some pretty impressive figures, especially in light of the issues Kaiser has dealt with in the last two years.

Kaiser Permanente ended its fiscal year on a positive note, bouncing back from 2022 losses and achieving significant financial milestones. Key takeaways: - Operating income: $329 million (0.3%) - Net income: $4.1 billion - Operating revenues and expenses: Over $100 billion each - Membership: 12.5 million (slight decrease) Highlights: - Rebound from 2022 losses: Kaiser Permanente reversed course after experiencing an operating loss and net loss in 2022. - Challenges and cost increases: The system faced higher costs for goods, services, drugs, and labor, along with pandemic-related care. - Efficiency efforts: Kaiser Permanente countered these challenges through cost reductions, access expansion, and technology-driven care delivery. - Continued investment: Capital spending and community health program investments increased year-over-year. - Commitment to affordability: Kaiser Permanente emphasized its dedication to providing affordable care despite rising costs. Click the link below to learn more about Kaiser Permanente's performance in 2023: https://hubs.ly/Q02lHb1G0

Humana reported their earnings today. In a highly unusual move, rather than spending most of the call talking though their actual financial and business results, they pointed to a few highlights and referred to the letter and press release they dropped on their website in order to save most of the call for questions. The discussion and Q&A were heavily focused on Medicare Advantage and the full call is worth a listen, Jim Rechtin did a great job, I especially loved this comment: "CMS and the Federal government, state government, and by extension even taxpayers are also our customers. I think we need to constantly remind ourselves of that. What we do creates value for those customers as well. We need a regulatory environment that allows that value to be fully realized and that requires constant collaboration and adjustment. We need to be a proactive partner with CMS in that process, and we need to do this to make sure that we've got a long-term, stable Medicare, Medicaid program." I haven't heard any carrier CEO talk that way on an earnings call before. Anyone serious about the Medicare industry should give it a listen https://lnkd.in/d7VVuADk

This is why politics is an important part of business planning.

I just introduced a new bipartisan effort with Rep. Sheila Cherfilus-McCormick (FL-20) to improve healthcare coordination and management for veterans who receive services through Medicare and the Department of Veteran Affairs (VA). Many veterans over the age of 65 and those who are disabled are enrolled in both Medicare and the VA. Oftentimes, due to a lack of coordination between agencies, dual enrollment can lead to challenges and result in fragmented and more expensive care.  Our bill, the Coordinating Care for Senior Veterans and Wounded Warriors Act (H.R. 9399), would create a three-year pilot program to better coordinate, navigate, and manage healthcare benefits for veterans enrolled in both systems by assigning a case manager to develop individualized healthcare plans that best suit the needs of that veteran as well as ensure the proper delivery of those services. As a member of the House Veterans’ Affairs Committee, this is the 10th veterans-focused piece of legislation I have introduced during my freshman term in office.  To learn more, click below: https://lnkd.in/ewyHTKYD

Diversity in healthcare leadership results in a more well-rounded experience for patients and providers. Check out this list from Becker's Healthcare that details Black health care leaders to know in 2024: https://ow.ly/8jBJ50RPgCK

Navigating Challenges: UnitedHealth's Resilience in a Tough Market!📉 UnitedHealth Group’s stock plummeted nearly 8% following its Q3 earnings report, despite beating revenue expectations. 💰 While the #healthcare giant reported profits of $6.06 billion, challenges in Medicare Advantage and Medicaid loom large as they project a tough road ahead. The Optum division thrived with $63.9 billion in revenue, but overall EPS guidance remains cautious.🚑 With the current landscape, can UnitedHealth adapt and thrive? 🔗Read More - https://lnkd.in/dV7inerg 🖊️Written By - Dr. Aishwarya S 🌐Stay Informed with our Latest Stories – https://lnkd.in/gMUPB2Zp #UnitedHealth #Healthcare #Medicare #Optum #EarningsReport #StockMarket #Investing #HealthcareChallenges

What are the essential strategies for effectively managing Medicare enrollment and reducing costs? 🤔 This week's guest on Great Decisions, Incredible Lives: Retire With Intention is Danielle Roberts, a Medicare expert who sheds light on the complexities of Medicare, from enrollment challenges to understanding coverage options like Medi-gap, Medicare Advantage, and Part D plans. 🌟 Her journey through the Medicare sector reveals the importance of early preparation and the impact of income on premiums, providing a roadmap for navigating these waters. 🚀 🎧Listen to Past Episodes NOW:https://hubs.la/Q02rYsXc0