For my friends in healthcare leadership, a clinically and financially integrated system of care, with effective and engaged physician leaders, can create great quality/value and sustainable financial results.
Evidence: today's article on Kaiser (below). This is an organization that has made wise investments in information technology, physician integration and evidence-based care. It has it's own problems, but this is what the future must look like.
Kaiser Hospitals, Health Plan post net income of $997M in Q3
Written by Ayla Ellison November 11, 2014
Oakland, Calif.-based Kaiser Foundation Hospitals and Kaiser Foundation Health Plan have reported combined operating revenue of $14.2 billion for the third quarter of this year, up from the $13.2 billion recorded in the same period of 2013.
Kaiser's operating income grew to $766 million in the third quarter of 2014, compared to the $518 million it posted during the third quarter of last year.
Kaiser reported a decrease in non-operating income for the third quarter of this year, which fell from $241 million in the third quarter of 2013 to $228 million in this year.
Kaiser's net income for the third quarter of 2014 was $997 million, up from the $635 million it posted in the same period of last year.
"We continue to improve on quality, service and affordability and we continue to see positive results," said Bernard J. Tyson, chairman and CEO of Kaiser.