https://about.kaiserpermanente.org/rss-feeds/main-rss <![CDATA[ about.kaiserpermanente.org]]> https://about.kaiserpermanente.org/news/kaiser-permanente-and-risant-health-q1-2026-financial-update <![CDATA[ Kaiser Permanente and Risant Health continued to deliver high-quality, affordable care while expanding access to value-based care in more communities.]]> Fri, 8 May 2026 07:00:00 +0000 <![CDATA[ <div> <div></div> <div></div> <div></div> <div> <div> </div> </div> <div> <div> <div> <div> <div> <div> <div> </div> </div> </div> </div> <div> <div> <div> <div id="c07-text-6734fc1a06"> <h2>Financial results</h2> <p>Kaiser Foundation Health Plan, Inc., Kaiser Foundation Hospitals, Risant Health, Inc., and their respective subsidiaries and affiliates (KFHP/H &amp; Risant Health) reported consolidated operating revenues of $34.6 billion and operating expenses of $33.9 billion in the first quarter of 2026 ending March 31. Operating revenues were $31.8 billion and operating expenses were $30.9 billion for the same period in 2025. Operating income was $711 million in the first quarter compared to operating income of $932 million in the first quarter of 2025.</p> <p>Like others in the health care sector, Kaiser Permanente and Risant Health continue to manage elevated costs in care delivery while taking steps to improve efficiency and maintain affordability. Kaiser Permanente incurred additional one-time costs in the first quarter related to work stoppages. Operating income is typically stronger in the first half of the year due to health plan enrollment cycles and moderates later as care utilization increases while revenue stays relatively flat.</p> <p>Financial market conditions drove investment and other income of $1.3 billion in the first quarter compared to $1.1 billion in the first quarter of 2025. Net income was $2.0 billion in the first quarter, consistent with net income of $2.0 billion in the first quarter of 2025.</p> <p>Kaiser Permanente <a href="https://about.kaiserpermanente.org/news/press-release-archive/kaiser-permanente-renown-health-complete-joint-venture-serve-northern-nevada">finalized a joint venture</a> in the first quarter with Renown Health to operate a health plan and new outpatient care delivery system in northern Nevada. Under the agreement, Hometown Health — the health plan previously owned by Renown Health — is now jointly owned by Kaiser Permanente and Renown Health.</p> <p>“As the health care landscape continues to evolve, Kaiser Permanente and Risant Health are expanding access to our value-based care models, which deliver high-quality outcomes while driving affordability,” said Kaiser Permanente chair and chief executive officer Greg A. Adams. “This approach — and the dedication of our physicians and employees — means we can serve more people and communities across the country.”</p> <h2>Membership</h2> <p>Membership across Kaiser Permanente and Risant Health affiliates was nearly 13.5 million as of March 31, 2026.</p> <h2>Capital spending</h2> <p>Capital spending was $1.2 billion in the first quarter compared to $1.0 billion in the first quarter of 2025. This spending included important investments in facilities and technology to ensure members and patients receive the right care, at the right time, in the right setting.</p> <p>“In the first quarter, we continued to invest in our facilities and technology that support access, quality, and care for our members,” said Kaiser Permanente executive vice president and chief financial officer Kathy Lancaster. “To offset the ongoing cost pressures in care delivery, we are accelerating efficiencies across business functions as part of our continued affordability focus.”</p> <h2>Q1 2026 and Q1 2025 KFHP/H &amp; Risant Health financial summary</h2> </div> </div> <div> <div> <div> <div> <table> <caption> *Includes $66 million from Cone Health acquisition by Risant Health </caption> <tbody> <tr> <th><b>$ in millions, except %</b></th> <th><b>Q1 2026</b></th> <th><b>Q1 2025</b></th> </tr> <tr> <td>Operating revenues</td> <td>$34,577</td> <td>$31,821</td> </tr> <tr> <td>Operating expenses</td> <td>$33,866</td> <td>$30,889</td> </tr> <tr> <td>Operating income</td> <td>$711</td> <td>$932</td> </tr> <tr> <td>Operating margin</td> <td>2.1%</td> <td>2.9%</td> </tr> <tr> <td>Investment and other income</td> <td>$1,309</td> <td>$1,089*</td> </tr> <tr> <td>Net income</td> <td>$2,020</td> <td>$2,021</td> </tr> <tr> <td>Capital spending</td> <td>$1,223</td> <td>$1,034</td> </tr> </tbody> </table> </div> </div> <div> <div id="c07-text-bff77e1ec4"> <p>Note: Certain statements included in this document may constitute “forward-looking statements.” Such statements are generally identifiable by the terminology used, such as “plan,” “project,” “forecast,” “expect,” “estimate,” “budget,” or other similar words. The achievement of certain results or other expectations contained in such forward-looking statements involves known and unknown risks, uncertainties, and other factors, which may cause actual results, performance, or achievements described to be materially different from any future results, performance, or achievements expressed or implied by such forward-looking statements. Accordingly, actual results will vary and the variations may be material. None of the KFHP/H &amp; Risant Health organizations plan to issue any updates or revisions to those forward-looking statements if or when expectations change, or events, conditions, or circumstances on which such statements are based occur.</p> </div> </div> </div> </div> <div> </div> </div> </div> <div> <div> </div> </div> </div> </div> </div> <div></div> <div> <div> </div> </div> <div> <div> <div> <div> <div> </div> </div> <div> <div> <div></div> <div> <div> </div> </div> </div> </div> <div> <div> </div> </div> </div> </div> </div> <div> <div> <div></div> </div> </div> <div></div> </div>]]> Greg A. Adams Kathy Lancaster Financial results Our organization https://about.kaiserpermanente.org/news/kaiser-permanente-and-risant-health-q1-2026-financial-update https://about.kaiserpermanente.org/news/press-release-archive/moanalua-medical-center-among-nations-safest-hospitals <![CDATA[ Sixth consecutive ‘A’ grade demonstrates Kaiser Permanente’s dedication to patients.]]> Thu, 7 May 2026 07:00:00 +0000 <![CDATA[ <div> <div></div> <div></div> <div></div> <div> <div> </div> </div> <div> <div> <div> <div> <div> <div> <div> </div> </div> </div> </div> <div> <div> <div> <div id="c07-text-97016ccfac"> <h2>Financial results</h2> <p>Kaiser Foundation Health Plan, Inc., Kaiser Foundation Hospitals, Risant Health, Inc., and their respective subsidiaries and affiliates (KFHP/H &amp; Risant Health) reported consolidated operating revenues of $34.6 billion and operating expenses of $33.9 billion in the first quarter of 2026 ending March 31. Operating revenues were $31.8 billion and operating expenses were $30.9 billion for the same period in 2025. Operating income was $711 million in the first quarter compared to operating income of $932 million in the first quarter of 2025.</p> <p>Like others in the health care sector, Kaiser Permanente and Risant Health continue to manage elevated costs in care delivery while taking steps to improve efficiency and maintain affordability. Kaiser Permanente incurred additional one-time costs in the first quarter related to work stoppages. Operating income is typically stronger in the first half of the year due to health plan enrollment cycles and moderates later as care utilization increases while revenue stays relatively flat.</p> <p>Financial market conditions drove investment and other income of $1.3 billion in the first quarter compared to $1.1 billion in the first quarter of 2025. Net income was $2.0 billion in the first quarter, consistent with net income of $2.0 billion in the first quarter of 2025.</p> <p>Kaiser Permanente <a href="https://about.kaiserpermanente.org/news/press-release-archive/kaiser-permanente-renown-health-complete-joint-venture-serve-northern-nevada">finalized a joint venture</a> in the first quarter with Renown Health to operate a health plan and new outpatient care delivery system in northern Nevada. Under the agreement, Hometown Health — the health plan previously owned by Renown Health — is now jointly owned by Kaiser Permanente and Renown Health.</p> <p>“As the health care landscape continues to evolve, Kaiser Permanente and Risant Health are expanding access to our value-based care models, which deliver high-quality outcomes while driving affordability,” said Kaiser Permanente chair and chief executive officer Greg A. Adams. “This approach — and the dedication of our physicians and employees — means we can serve more people and communities across the country.”</p> <h2>Membership</h2> <p>Membership across Kaiser Permanente and Risant Health affiliates was nearly 13.5 million as of March 31, 2026.</p> <h2>Capital spending</h2> <p>Capital spending was $1.2 billion in the first quarter compared to $1.0 billion in the first quarter of 2025. This spending included important investments in facilities and technology to ensure members and patients receive the right care, at the right time, in the right setting.</p> <p>“In the first quarter, we continued to invest in our facilities and technology that support access, quality, and care for our members,” said Kaiser Permanente executive vice president and chief financial officer Kathy Lancaster. “To offset the ongoing cost pressures in care delivery, we are accelerating efficiencies across business functions as part of our continued affordability focus.”</p> <h2>Q1 2026 and Q1 2025 KFHP/H &amp; Risant Health financial summary</h2> </div> </div> <div> <div> <div> <div> <table> <caption> *Includes $66 million from Cone Health acquisition by Risant Health </caption> <tbody> <tr> <th><b>$ in millions, except %</b></th> <th><b>Q1 2026</b></th> <th><b>Q1 2025</b></th> </tr> <tr> <td>Operating revenues</td> <td>$34,577</td> <td>$31,821</td> </tr> <tr> <td>Operating expenses</td> <td>$33,866</td> <td>$30,889</td> </tr> <tr> <td>Operating income</td> <td>$711</td> <td>$932</td> </tr> <tr> <td>Operating margin</td> <td>2.1%</td> <td>2.9%</td> </tr> <tr> <td>Investment and other income</td> <td>$1,309</td> <td>$1,089*</td> </tr> <tr> <td>Net income</td> <td>$2,020</td> <td>$2,021</td> </tr> <tr> <td>Capital spending</td> <td>$1,223</td> <td>$1,034</td> </tr> </tbody> </table> </div> </div> <div> <div id="c07-text-85f5fe0201"> <p>Note: Certain statements included in this document may constitute “forward-looking statements.” Such statements are generally identifiable by the terminology used, such as “plan,” “project,” “forecast,” “expect,” “estimate,” “budget,” or other similar words. The achievement of certain results or other expectations contained in such forward-looking statements involves known and unknown risks, uncertainties, and other factors, which may cause actual results, performance, or achievements described to be materially different from any future results, performance, or achievements expressed or implied by such forward-looking statements. Accordingly, actual results will vary and the variations may be material. None of the KFHP/H &amp; Risant Health organizations plan to issue any updates or revisions to those forward-looking statements if or when expectations change, or events, conditions, or circumstances on which such statements are based occur.</p> </div> </div> </div> </div> <div> </div> </div> </div> <div> <div> </div> </div> </div> </div> </div> <div></div> <div> <div> </div> </div> <div> <div> <div> <div> <div> </div> </div> <div> <div> <div></div> <div> <div> </div> </div> </div> </div> <div> <div> </div> </div> </div> </div> </div> <div> <div> <div></div> </div> </div> <div></div> </div>]]> Our industry Our organization 2026 https://about.kaiserpermanente.org/news/press-release-archive/moanalua-medical-center-among-nations-safest-hospitals https://about.kaiserpermanente.org/news/press-release-archive/kaiser-permanente-pharmacy-demonstrates-significant-cost-savings <![CDATA[ A commissioned report shows Kaiser Permanente Washington had lower prescription drug costs than those of a matched commercial population.]]> Wed, 6 May 2026 07:00:00 +0000 <![CDATA[ <div> <div></div> <div></div> <div></div> <div> <div> </div> </div> <div> <div> <div> <div> <div> <div> <div> </div> </div> </div> </div> <div> <div> <div> <div id="c07-text-97016ccfac"> <h2>Financial results</h2> <p>Kaiser Foundation Health Plan, Inc., Kaiser Foundation Hospitals, Risant Health, Inc., and their respective subsidiaries and affiliates (KFHP/H &amp; Risant Health) reported consolidated operating revenues of $34.6 billion and operating expenses of $33.9 billion in the first quarter of 2026 ending March 31. Operating revenues were $31.8 billion and operating expenses were $30.9 billion for the same period in 2025. Operating income was $711 million in the first quarter compared to operating income of $932 million in the first quarter of 2025.</p> <p>Like others in the health care sector, Kaiser Permanente and Risant Health continue to manage elevated costs in care delivery while taking steps to improve efficiency and maintain affordability. Kaiser Permanente incurred additional one-time costs in the first quarter related to work stoppages. Operating income is typically stronger in the first half of the year due to health plan enrollment cycles and moderates later as care utilization increases while revenue stays relatively flat.</p> <p>Financial market conditions drove investment and other income of $1.3 billion in the first quarter compared to $1.1 billion in the first quarter of 2025. Net income was $2.0 billion in the first quarter, consistent with net income of $2.0 billion in the first quarter of 2025.</p> <p>Kaiser Permanente <a href="https://about.kaiserpermanente.org/news/press-release-archive/kaiser-permanente-renown-health-complete-joint-venture-serve-northern-nevada">finalized a joint venture</a> in the first quarter with Renown Health to operate a health plan and new outpatient care delivery system in northern Nevada. Under the agreement, Hometown Health — the health plan previously owned by Renown Health — is now jointly owned by Kaiser Permanente and Renown Health.</p> <p>“As the health care landscape continues to evolve, Kaiser Permanente and Risant Health are expanding access to our value-based care models, which deliver high-quality outcomes while driving affordability,” said Kaiser Permanente chair and chief executive officer Greg A. Adams. “This approach — and the dedication of our physicians and employees — means we can serve more people and communities across the country.”</p> <h2>Membership</h2> <p>Membership across Kaiser Permanente and Risant Health affiliates was nearly 13.5 million as of March 31, 2026.</p> <h2>Capital spending</h2> <p>Capital spending was $1.2 billion in the first quarter compared to $1.0 billion in the first quarter of 2025. This spending included important investments in facilities and technology to ensure members and patients receive the right care, at the right time, in the right setting.</p> <p>“In the first quarter, we continued to invest in our facilities and technology that support access, quality, and care for our members,” said Kaiser Permanente executive vice president and chief financial officer Kathy Lancaster. “To offset the ongoing cost pressures in care delivery, we are accelerating efficiencies across business functions as part of our continued affordability focus.”</p> <h2>Q1 2026 and Q1 2025 KFHP/H &amp; Risant Health financial summary</h2> </div> </div> <div> <div> <div> <div> <table> <caption> *Includes $66 million from Cone Health acquisition by Risant Health </caption> <tbody> <tr> <th><b>$ in millions, except %</b></th> <th><b>Q1 2026</b></th> <th><b>Q1 2025</b></th> </tr> <tr> <td>Operating revenues</td> <td>$34,577</td> <td>$31,821</td> </tr> <tr> <td>Operating expenses</td> <td>$33,866</td> <td>$30,889</td> </tr> <tr> <td>Operating income</td> <td>$711</td> <td>$932</td> </tr> <tr> <td>Operating margin</td> <td>2.1%</td> <td>2.9%</td> </tr> <tr> <td>Investment and other income</td> <td>$1,309</td> <td>$1,089*</td> </tr> <tr> <td>Net income</td> <td>$2,020</td> <td>$2,021</td> </tr> <tr> <td>Capital spending</td> <td>$1,223</td> <td>$1,034</td> </tr> </tbody> </table> </div> </div> <div> <div id="c07-text-85f5fe0201"> <p>Note: Certain statements included in this document may constitute “forward-looking statements.” Such statements are generally identifiable by the terminology used, such as “plan,” “project,” “forecast,” “expect,” “estimate,” “budget,” or other similar words. The achievement of certain results or other expectations contained in such forward-looking statements involves known and unknown risks, uncertainties, and other factors, which may cause actual results, performance, or achievements described to be materially different from any future results, performance, or achievements expressed or implied by such forward-looking statements. Accordingly, actual results will vary and the variations may be material. None of the KFHP/H &amp; Risant Health organizations plan to issue any updates or revisions to those forward-looking statements if or when expectations change, or events, conditions, or circumstances on which such statements are based occur.</p> </div> </div> </div> </div> <div> </div> </div> </div> <div> <div> </div> </div> </div> </div> </div> <div></div> <div> <div> </div> </div> <div> <div> <div> <div> <div> </div> </div> <div> <div> <div></div> <div> <div> </div> </div> </div> </div> <div> <div> </div> </div> </div> </div> </div> <div> <div> <div></div> </div> </div> <div></div> </div>]]> Our industry 2026 Our organization https://about.kaiserpermanente.org/news/press-release-archive/kaiser-permanente-pharmacy-demonstrates-significant-cost-savings https://about.kaiserpermanente.org/news/celebrate-national-nurses-week-with-me <![CDATA[ Join me in honoring our nurses, who shape the high-quality, compassionate care our patients receive every day.]]> Wed, 6 May 2026 07:00:00 +0000 <![CDATA[ <div> <div></div> <div></div> <div></div> <div> <div> </div> </div> <div> <div> <div> <div> <div> <div> <div> </div> </div> </div> </div> <div> <div> <div> <div id="c07-text-97016ccfac"> <h2>Financial results</h2> <p>Kaiser Foundation Health Plan, Inc., Kaiser Foundation Hospitals, Risant Health, Inc., and their respective subsidiaries and affiliates (KFHP/H &amp; Risant Health) reported consolidated operating revenues of $34.6 billion and operating expenses of $33.9 billion in the first quarter of 2026 ending March 31. Operating revenues were $31.8 billion and operating expenses were $30.9 billion for the same period in 2025. Operating income was $711 million in the first quarter compared to operating income of $932 million in the first quarter of 2025.</p> <p>Like others in the health care sector, Kaiser Permanente and Risant Health continue to manage elevated costs in care delivery while taking steps to improve efficiency and maintain affordability. Kaiser Permanente incurred additional one-time costs in the first quarter related to work stoppages. Operating income is typically stronger in the first half of the year due to health plan enrollment cycles and moderates later as care utilization increases while revenue stays relatively flat.</p> <p>Financial market conditions drove investment and other income of $1.3 billion in the first quarter compared to $1.1 billion in the first quarter of 2025. Net income was $2.0 billion in the first quarter, consistent with net income of $2.0 billion in the first quarter of 2025.</p> <p>Kaiser Permanente <a href="https://about.kaiserpermanente.org/news/press-release-archive/kaiser-permanente-renown-health-complete-joint-venture-serve-northern-nevada">finalized a joint venture</a> in the first quarter with Renown Health to operate a health plan and new outpatient care delivery system in northern Nevada. Under the agreement, Hometown Health — the health plan previously owned by Renown Health — is now jointly owned by Kaiser Permanente and Renown Health.</p> <p>“As the health care landscape continues to evolve, Kaiser Permanente and Risant Health are expanding access to our value-based care models, which deliver high-quality outcomes while driving affordability,” said Kaiser Permanente chair and chief executive officer Greg A. Adams. “This approach — and the dedication of our physicians and employees — means we can serve more people and communities across the country.”</p> <h2>Membership</h2> <p>Membership across Kaiser Permanente and Risant Health affiliates was nearly 13.5 million as of March 31, 2026.</p> <h2>Capital spending</h2> <p>Capital spending was $1.2 billion in the first quarter compared to $1.0 billion in the first quarter of 2025. This spending included important investments in facilities and technology to ensure members and patients receive the right care, at the right time, in the right setting.</p> <p>“In the first quarter, we continued to invest in our facilities and technology that support access, quality, and care for our members,” said Kaiser Permanente executive vice president and chief financial officer Kathy Lancaster. “To offset the ongoing cost pressures in care delivery, we are accelerating efficiencies across business functions as part of our continued affordability focus.”</p> <h2>Q1 2026 and Q1 2025 KFHP/H &amp; Risant Health financial summary</h2> </div> </div> <div> <div> <div> <div> <table> <caption> *Includes $66 million from Cone Health acquisition by Risant Health </caption> <tbody> <tr> <th><b>$ in millions, except %</b></th> <th><b>Q1 2026</b></th> <th><b>Q1 2025</b></th> </tr> <tr> <td>Operating revenues</td> <td>$34,577</td> <td>$31,821</td> </tr> <tr> <td>Operating expenses</td> <td>$33,866</td> <td>$30,889</td> </tr> <tr> <td>Operating income</td> <td>$711</td> <td>$932</td> </tr> <tr> <td>Operating margin</td> <td>2.1%</td> <td>2.9%</td> </tr> <tr> <td>Investment and other income</td> <td>$1,309</td> <td>$1,089*</td> </tr> <tr> <td>Net income</td> <td>$2,020</td> <td>$2,021</td> </tr> <tr> <td>Capital spending</td> <td>$1,223</td> <td>$1,034</td> </tr> </tbody> </table> </div> </div> <div> <div id="c07-text-85f5fe0201"> <p>Note: Certain statements included in this document may constitute “forward-looking statements.” Such statements are generally identifiable by the terminology used, such as “plan,” “project,” “forecast,” “expect,” “estimate,” “budget,” or other similar words. The achievement of certain results or other expectations contained in such forward-looking statements involves known and unknown risks, uncertainties, and other factors, which may cause actual results, performance, or achievements described to be materially different from any future results, performance, or achievements expressed or implied by such forward-looking statements. Accordingly, actual results will vary and the variations may be material. None of the KFHP/H &amp; Risant Health organizations plan to issue any updates or revisions to those forward-looking statements if or when expectations change, or events, conditions, or circumstances on which such statements are based occur.</p> </div> </div> </div> </div> <div> </div> </div> </div> <div> <div> </div> </div> </div> </div> </div> <div></div> <div> <div> </div> </div> <div> <div> <div> <div> <div> </div> </div> <div> <div> <div></div> <div> <div> </div> </div> </div> </div> <div> <div> </div> </div> </div> </div> </div> <div> <div> <div></div> </div> </div> <div></div> </div>]]> Nurses Our organization Our people https://about.kaiserpermanente.org/news/celebrate-national-nurses-week-with-me https://about.kaiserpermanente.org/news/press-release-archive/greg-berman-md-named-president-and-executive-medical-director <![CDATA[ He has served in the role on an interim basis for the Colorado Permanente Medical Group since August 2025.]]> Tue, 28 Apr 2026 07:00:00 +0000 <![CDATA[ <div> <div></div> <div></div> <div></div> <div> <div> </div> </div> <div> <div> <div> <div> <div> <div> <div> </div> </div> </div> </div> <div> <div> <div> <div id="c07-text-97016ccfac"> <h2>Financial results</h2> <p>Kaiser Foundation Health Plan, Inc., Kaiser Foundation Hospitals, Risant Health, Inc., and their respective subsidiaries and affiliates (KFHP/H &amp; Risant Health) reported consolidated operating revenues of $34.6 billion and operating expenses of $33.9 billion in the first quarter of 2026 ending March 31. Operating revenues were $31.8 billion and operating expenses were $30.9 billion for the same period in 2025. Operating income was $711 million in the first quarter compared to operating income of $932 million in the first quarter of 2025.</p> <p>Like others in the health care sector, Kaiser Permanente and Risant Health continue to manage elevated costs in care delivery while taking steps to improve efficiency and maintain affordability. Kaiser Permanente incurred additional one-time costs in the first quarter related to work stoppages. Operating income is typically stronger in the first half of the year due to health plan enrollment cycles and moderates later as care utilization increases while revenue stays relatively flat.</p> <p>Financial market conditions drove investment and other income of $1.3 billion in the first quarter compared to $1.1 billion in the first quarter of 2025. Net income was $2.0 billion in the first quarter, consistent with net income of $2.0 billion in the first quarter of 2025.</p> <p>Kaiser Permanente <a href="https://about.kaiserpermanente.org/news/press-release-archive/kaiser-permanente-renown-health-complete-joint-venture-serve-northern-nevada">finalized a joint venture</a> in the first quarter with Renown Health to operate a health plan and new outpatient care delivery system in northern Nevada. Under the agreement, Hometown Health — the health plan previously owned by Renown Health — is now jointly owned by Kaiser Permanente and Renown Health.</p> <p>“As the health care landscape continues to evolve, Kaiser Permanente and Risant Health are expanding access to our value-based care models, which deliver high-quality outcomes while driving affordability,” said Kaiser Permanente chair and chief executive officer Greg A. Adams. “This approach — and the dedication of our physicians and employees — means we can serve more people and communities across the country.”</p> <h2>Membership</h2> <p>Membership across Kaiser Permanente and Risant Health affiliates was nearly 13.5 million as of March 31, 2026.</p> <h2>Capital spending</h2> <p>Capital spending was $1.2 billion in the first quarter compared to $1.0 billion in the first quarter of 2025. This spending included important investments in facilities and technology to ensure members and patients receive the right care, at the right time, in the right setting.</p> <p>“In the first quarter, we continued to invest in our facilities and technology that support access, quality, and care for our members,” said Kaiser Permanente executive vice president and chief financial officer Kathy Lancaster. “To offset the ongoing cost pressures in care delivery, we are accelerating efficiencies across business functions as part of our continued affordability focus.”</p> <h2>Q1 2026 and Q1 2025 KFHP/H &amp; Risant Health financial summary</h2> </div> </div> <div> <div> <div> <div> <table> <caption> *Includes $66 million from Cone Health acquisition by Risant Health </caption> <tbody> <tr> <th><b>$ in millions, except %</b></th> <th><b>Q1 2026</b></th> <th><b>Q1 2025</b></th> </tr> <tr> <td>Operating revenues</td> <td>$34,577</td> <td>$31,821</td> </tr> <tr> <td>Operating expenses</td> <td>$33,866</td> <td>$30,889</td> </tr> <tr> <td>Operating income</td> <td>$711</td> <td>$932</td> </tr> <tr> <td>Operating margin</td> <td>2.1%</td> <td>2.9%</td> </tr> <tr> <td>Investment and other income</td> <td>$1,309</td> <td>$1,089*</td> </tr> <tr> <td>Net income</td> <td>$2,020</td> <td>$2,021</td> </tr> <tr> <td>Capital spending</td> <td>$1,223</td> <td>$1,034</td> </tr> </tbody> </table> </div> </div> <div> <div id="c07-text-85f5fe0201"> <p>Note: Certain statements included in this document may constitute “forward-looking statements.” Such statements are generally identifiable by the terminology used, such as “plan,” “project,” “forecast,” “expect,” “estimate,” “budget,” or other similar words. The achievement of certain results or other expectations contained in such forward-looking statements involves known and unknown risks, uncertainties, and other factors, which may cause actual results, performance, or achievements described to be materially different from any future results, performance, or achievements expressed or implied by such forward-looking statements. Accordingly, actual results will vary and the variations may be material. None of the KFHP/H &amp; Risant Health organizations plan to issue any updates or revisions to those forward-looking statements if or when expectations change, or events, conditions, or circumstances on which such statements are based occur.</p> </div> </div> </div> </div> <div> </div> </div> </div> <div> <div> </div> </div> </div> </div> </div> <div></div> <div> <div> </div> </div> <div> <div> <div> <div> <div> </div> </div> <div> <div> <div></div> <div> <div> </div> </div> </div> </div> <div> <div> </div> </div> </div> </div> </div> <div> <div> <div></div> </div> </div> <div></div> </div>]]> Our organization 2026 https://about.kaiserpermanente.org/news/press-release-archive/greg-berman-md-named-president-and-executive-medical-director https://about.kaiserpermanente.org/news/kaiser-permanente-exceptional-maternity-care <![CDATA[ Year after year, our hospitals earn national honors for care that puts families first.]]> Mon, 27 Apr 2026 07:00:00 +0000 <![CDATA[ <div> <div></div> <div></div> <div></div> <div> <div> </div> </div> <div> <div> <div> <div> <div> <div> <div> </div> </div> </div> </div> <div> <div> <div> <div id="c07-text-97016ccfac"> <h2>Financial results</h2> <p>Kaiser Foundation Health Plan, Inc., Kaiser Foundation Hospitals, Risant Health, Inc., and their respective subsidiaries and affiliates (KFHP/H &amp; Risant Health) reported consolidated operating revenues of $34.6 billion and operating expenses of $33.9 billion in the first quarter of 2026 ending March 31. Operating revenues were $31.8 billion and operating expenses were $30.9 billion for the same period in 2025. Operating income was $711 million in the first quarter compared to operating income of $932 million in the first quarter of 2025.</p> <p>Like others in the health care sector, Kaiser Permanente and Risant Health continue to manage elevated costs in care delivery while taking steps to improve efficiency and maintain affordability. Kaiser Permanente incurred additional one-time costs in the first quarter related to work stoppages. Operating income is typically stronger in the first half of the year due to health plan enrollment cycles and moderates later as care utilization increases while revenue stays relatively flat.</p> <p>Financial market conditions drove investment and other income of $1.3 billion in the first quarter compared to $1.1 billion in the first quarter of 2025. Net income was $2.0 billion in the first quarter, consistent with net income of $2.0 billion in the first quarter of 2025.</p> <p>Kaiser Permanente <a href="https://about.kaiserpermanente.org/news/press-release-archive/kaiser-permanente-renown-health-complete-joint-venture-serve-northern-nevada">finalized a joint venture</a> in the first quarter with Renown Health to operate a health plan and new outpatient care delivery system in northern Nevada. Under the agreement, Hometown Health — the health plan previously owned by Renown Health — is now jointly owned by Kaiser Permanente and Renown Health.</p> <p>“As the health care landscape continues to evolve, Kaiser Permanente and Risant Health are expanding access to our value-based care models, which deliver high-quality outcomes while driving affordability,” said Kaiser Permanente chair and chief executive officer Greg A. Adams. “This approach — and the dedication of our physicians and employees — means we can serve more people and communities across the country.”</p> <h2>Membership</h2> <p>Membership across Kaiser Permanente and Risant Health affiliates was nearly 13.5 million as of March 31, 2026.</p> <h2>Capital spending</h2> <p>Capital spending was $1.2 billion in the first quarter compared to $1.0 billion in the first quarter of 2025. This spending included important investments in facilities and technology to ensure members and patients receive the right care, at the right time, in the right setting.</p> <p>“In the first quarter, we continued to invest in our facilities and technology that support access, quality, and care for our members,” said Kaiser Permanente executive vice president and chief financial officer Kathy Lancaster. “To offset the ongoing cost pressures in care delivery, we are accelerating efficiencies across business functions as part of our continued affordability focus.”</p> <h2>Q1 2026 and Q1 2025 KFHP/H &amp; Risant Health financial summary</h2> </div> </div> <div> <div> <div> <div> <table> <caption> *Includes $66 million from Cone Health acquisition by Risant Health </caption> <tbody> <tr> <th><b>$ in millions, except %</b></th> <th><b>Q1 2026</b></th> <th><b>Q1 2025</b></th> </tr> <tr> <td>Operating revenues</td> <td>$34,577</td> <td>$31,821</td> </tr> <tr> <td>Operating expenses</td> <td>$33,866</td> <td>$30,889</td> </tr> <tr> <td>Operating income</td> <td>$711</td> <td>$932</td> </tr> <tr> <td>Operating margin</td> <td>2.1%</td> <td>2.9%</td> </tr> <tr> <td>Investment and other income</td> <td>$1,309</td> <td>$1,089*</td> </tr> <tr> <td>Net income</td> <td>$2,020</td> <td>$2,021</td> </tr> <tr> <td>Capital spending</td> <td>$1,223</td> <td>$1,034</td> </tr> </tbody> </table> </div> </div> <div> <div id="c07-text-85f5fe0201"> <p>Note: Certain statements included in this document may constitute “forward-looking statements.” Such statements are generally identifiable by the terminology used, such as “plan,” “project,” “forecast,” “expect,” “estimate,” “budget,” or other similar words. The achievement of certain results or other expectations contained in such forward-looking statements involves known and unknown risks, uncertainties, and other factors, which may cause actual results, performance, or achievements described to be materially different from any future results, performance, or achievements expressed or implied by such forward-looking statements. Accordingly, actual results will vary and the variations may be material. None of the KFHP/H &amp; Risant Health organizations plan to issue any updates or revisions to those forward-looking statements if or when expectations change, or events, conditions, or circumstances on which such statements are based occur.</p> </div> </div> </div> </div> <div> </div> </div> </div> <div> <div> </div> </div> </div> </div> </div> <div></div> <div> <div> </div> </div> <div> <div> <div> <div> <div> </div> </div> <div> <div> <div></div> <div> <div> </div> </div> </div> </div> <div> <div> </div> </div> </div> </div> </div> <div> <div> <div></div> </div> </div> <div></div> </div>]]> Pregnancy Care experience Our organization Accolades and awards https://about.kaiserpermanente.org/news/kaiser-permanente-exceptional-maternity-care https://about.kaiserpermanente.org/news/greg-a-adams-elected-to-american-academy-of-arts-and-sciences <![CDATA[ Recognition underscores Kaiser Permanente’s leadership in shaping the future of high-quality, affordable health care.]]> Thu, 23 Apr 2026 07:00:00 +0000 <![CDATA[ <div> <div></div> <div></div> <div></div> <div> <div> </div> </div> <div> <div> <div> <div> <div> <div> <div> </div> </div> </div> </div> <div> <div> <div> <div id="c07-text-97016ccfac"> <h2>Financial results</h2> <p>Kaiser Foundation Health Plan, Inc., Kaiser Foundation Hospitals, Risant Health, Inc., and their respective subsidiaries and affiliates (KFHP/H &amp; Risant Health) reported consolidated operating revenues of $34.6 billion and operating expenses of $33.9 billion in the first quarter of 2026 ending March 31. Operating revenues were $31.8 billion and operating expenses were $30.9 billion for the same period in 2025. Operating income was $711 million in the first quarter compared to operating income of $932 million in the first quarter of 2025.</p> <p>Like others in the health care sector, Kaiser Permanente and Risant Health continue to manage elevated costs in care delivery while taking steps to improve efficiency and maintain affordability. Kaiser Permanente incurred additional one-time costs in the first quarter related to work stoppages. Operating income is typically stronger in the first half of the year due to health plan enrollment cycles and moderates later as care utilization increases while revenue stays relatively flat.</p> <p>Financial market conditions drove investment and other income of $1.3 billion in the first quarter compared to $1.1 billion in the first quarter of 2025. Net income was $2.0 billion in the first quarter, consistent with net income of $2.0 billion in the first quarter of 2025.</p> <p>Kaiser Permanente <a href="https://about.kaiserpermanente.org/news/press-release-archive/kaiser-permanente-renown-health-complete-joint-venture-serve-northern-nevada">finalized a joint venture</a> in the first quarter with Renown Health to operate a health plan and new outpatient care delivery system in northern Nevada. Under the agreement, Hometown Health — the health plan previously owned by Renown Health — is now jointly owned by Kaiser Permanente and Renown Health.</p> <p>“As the health care landscape continues to evolve, Kaiser Permanente and Risant Health are expanding access to our value-based care models, which deliver high-quality outcomes while driving affordability,” said Kaiser Permanente chair and chief executive officer Greg A. Adams. “This approach — and the dedication of our physicians and employees — means we can serve more people and communities across the country.”</p> <h2>Membership</h2> <p>Membership across Kaiser Permanente and Risant Health affiliates was nearly 13.5 million as of March 31, 2026.</p> <h2>Capital spending</h2> <p>Capital spending was $1.2 billion in the first quarter compared to $1.0 billion in the first quarter of 2025. This spending included important investments in facilities and technology to ensure members and patients receive the right care, at the right time, in the right setting.</p> <p>“In the first quarter, we continued to invest in our facilities and technology that support access, quality, and care for our members,” said Kaiser Permanente executive vice president and chief financial officer Kathy Lancaster. “To offset the ongoing cost pressures in care delivery, we are accelerating efficiencies across business functions as part of our continued affordability focus.”</p> <h2>Q1 2026 and Q1 2025 KFHP/H &amp; Risant Health financial summary</h2> </div> </div> <div> <div> <div> <div> <table> <caption> *Includes $66 million from Cone Health acquisition by Risant Health </caption> <tbody> <tr> <th><b>$ in millions, except %</b></th> <th><b>Q1 2026</b></th> <th><b>Q1 2025</b></th> </tr> <tr> <td>Operating revenues</td> <td>$34,577</td> <td>$31,821</td> </tr> <tr> <td>Operating expenses</td> <td>$33,866</td> <td>$30,889</td> </tr> <tr> <td>Operating income</td> <td>$711</td> <td>$932</td> </tr> <tr> <td>Operating margin</td> <td>2.1%</td> <td>2.9%</td> </tr> <tr> <td>Investment and other income</td> <td>$1,309</td> <td>$1,089*</td> </tr> <tr> <td>Net income</td> <td>$2,020</td> <td>$2,021</td> </tr> <tr> <td>Capital spending</td> <td>$1,223</td> <td>$1,034</td> </tr> </tbody> </table> </div> </div> <div> <div id="c07-text-85f5fe0201"> <p>Note: Certain statements included in this document may constitute “forward-looking statements.” Such statements are generally identifiable by the terminology used, such as “plan,” “project,” “forecast,” “expect,” “estimate,” “budget,” or other similar words. The achievement of certain results or other expectations contained in such forward-looking statements involves known and unknown risks, uncertainties, and other factors, which may cause actual results, performance, or achievements described to be materially different from any future results, performance, or achievements expressed or implied by such forward-looking statements. Accordingly, actual results will vary and the variations may be material. None of the KFHP/H &amp; Risant Health organizations plan to issue any updates or revisions to those forward-looking statements if or when expectations change, or events, conditions, or circumstances on which such statements are based occur.</p> </div> </div> </div> </div> <div> </div> </div> </div> <div> <div> </div> </div> </div> </div> </div> <div></div> <div> <div> </div> </div> <div> <div> <div> <div> <div> </div> </div> <div> <div> <div></div> <div> <div> </div> </div> </div> </div> <div> <div> </div> </div> </div> </div> </div> <div> <div> <div></div> </div> </div> <div></div> </div>]]> Greg A. Adams Accolades and awards Our people News and announcements https://about.kaiserpermanente.org/news/greg-a-adams-elected-to-american-academy-of-arts-and-sciences https://about.kaiserpermanente.org/news/simulated-medical-center-in-colorado-gets-a-makeover <![CDATA[ At the Young Americans Center for Financial Education in Lakewood, kids run a model town. Its medical center now looks like a real Kaiser Permanente facility.]]> Thu, 23 Apr 2026 07:00:00 +0000 <![CDATA[ <div> <div></div> <div></div> <div></div> <div> <div> </div> </div> <div> <div> <div> <div> <div> <div> <div> </div> </div> </div> </div> <div> <div> <div> <div id="c07-text-97016ccfac"> <h2>Financial results</h2> <p>Kaiser Foundation Health Plan, Inc., Kaiser Foundation Hospitals, Risant Health, Inc., and their respective subsidiaries and affiliates (KFHP/H &amp; Risant Health) reported consolidated operating revenues of $34.6 billion and operating expenses of $33.9 billion in the first quarter of 2026 ending March 31. Operating revenues were $31.8 billion and operating expenses were $30.9 billion for the same period in 2025. Operating income was $711 million in the first quarter compared to operating income of $932 million in the first quarter of 2025.</p> <p>Like others in the health care sector, Kaiser Permanente and Risant Health continue to manage elevated costs in care delivery while taking steps to improve efficiency and maintain affordability. Kaiser Permanente incurred additional one-time costs in the first quarter related to work stoppages. Operating income is typically stronger in the first half of the year due to health plan enrollment cycles and moderates later as care utilization increases while revenue stays relatively flat.</p> <p>Financial market conditions drove investment and other income of $1.3 billion in the first quarter compared to $1.1 billion in the first quarter of 2025. Net income was $2.0 billion in the first quarter, consistent with net income of $2.0 billion in the first quarter of 2025.</p> <p>Kaiser Permanente <a href="https://about.kaiserpermanente.org/news/press-release-archive/kaiser-permanente-renown-health-complete-joint-venture-serve-northern-nevada">finalized a joint venture</a> in the first quarter with Renown Health to operate a health plan and new outpatient care delivery system in northern Nevada. Under the agreement, Hometown Health — the health plan previously owned by Renown Health — is now jointly owned by Kaiser Permanente and Renown Health.</p> <p>“As the health care landscape continues to evolve, Kaiser Permanente and Risant Health are expanding access to our value-based care models, which deliver high-quality outcomes while driving affordability,” said Kaiser Permanente chair and chief executive officer Greg A. Adams. “This approach — and the dedication of our physicians and employees — means we can serve more people and communities across the country.”</p> <h2>Membership</h2> <p>Membership across Kaiser Permanente and Risant Health affiliates was nearly 13.5 million as of March 31, 2026.</p> <h2>Capital spending</h2> <p>Capital spending was $1.2 billion in the first quarter compared to $1.0 billion in the first quarter of 2025. This spending included important investments in facilities and technology to ensure members and patients receive the right care, at the right time, in the right setting.</p> <p>“In the first quarter, we continued to invest in our facilities and technology that support access, quality, and care for our members,” said Kaiser Permanente executive vice president and chief financial officer Kathy Lancaster. “To offset the ongoing cost pressures in care delivery, we are accelerating efficiencies across business functions as part of our continued affordability focus.”</p> <h2>Q1 2026 and Q1 2025 KFHP/H &amp; Risant Health financial summary</h2> </div> </div> <div> <div> <div> <div> <table> <caption> *Includes $66 million from Cone Health acquisition by Risant Health </caption> <tbody> <tr> <th><b>$ in millions, except %</b></th> <th><b>Q1 2026</b></th> <th><b>Q1 2025</b></th> </tr> <tr> <td>Operating revenues</td> <td>$34,577</td> <td>$31,821</td> </tr> <tr> <td>Operating expenses</td> <td>$33,866</td> <td>$30,889</td> </tr> <tr> <td>Operating income</td> <td>$711</td> <td>$932</td> </tr> <tr> <td>Operating margin</td> <td>2.1%</td> <td>2.9%</td> </tr> <tr> <td>Investment and other income</td> <td>$1,309</td> <td>$1,089*</td> </tr> <tr> <td>Net income</td> <td>$2,020</td> <td>$2,021</td> </tr> <tr> <td>Capital spending</td> <td>$1,223</td> <td>$1,034</td> </tr> </tbody> </table> </div> </div> <div> <div id="c07-text-85f5fe0201"> <p>Note: Certain statements included in this document may constitute “forward-looking statements.” Such statements are generally identifiable by the terminology used, such as “plan,” “project,” “forecast,” “expect,” “estimate,” “budget,” or other similar words. The achievement of certain results or other expectations contained in such forward-looking statements involves known and unknown risks, uncertainties, and other factors, which may cause actual results, performance, or achievements described to be materially different from any future results, performance, or achievements expressed or implied by such forward-looking statements. Accordingly, actual results will vary and the variations may be material. None of the KFHP/H &amp; Risant Health organizations plan to issue any updates or revisions to those forward-looking statements if or when expectations change, or events, conditions, or circumstances on which such statements are based occur.</p> </div> </div> </div> </div> <div> </div> </div> </div> <div> <div> </div> </div> </div> </div> </div> <div></div> <div> <div> </div> </div> <div> <div> <div> <div> <div> </div> </div> <div> <div> <div></div> <div> <div> </div> </div> </div> </div> <div> <div> </div> </div> </div> </div> </div> <div> <div> <div></div> </div> </div> <div></div> </div>]]> Community health Child and teen health https://about.kaiserpermanente.org/news/simulated-medical-center-in-colorado-gets-a-makeover https://about.kaiserpermanente.org/news/healthy-minds-healthy-bodies-thriving-futures <![CDATA[ Kaiser Permanente expands opportunities for youth in Inglewood and South Los Angeles, California, through wellness, leadership, and learning programs.]]> Wed, 22 Apr 2026 07:00:00 +0000 <![CDATA[ <div> <div></div> <div></div> <div></div> <div> <div> </div> </div> <div> <div> <div> <div> <div> <div> <div> </div> </div> </div> </div> <div> <div> <div> <div id="c07-text-97016ccfac"> <h2>Financial results</h2> <p>Kaiser Foundation Health Plan, Inc., Kaiser Foundation Hospitals, Risant Health, Inc., and their respective subsidiaries and affiliates (KFHP/H &amp; Risant Health) reported consolidated operating revenues of $34.6 billion and operating expenses of $33.9 billion in the first quarter of 2026 ending March 31. Operating revenues were $31.8 billion and operating expenses were $30.9 billion for the same period in 2025. Operating income was $711 million in the first quarter compared to operating income of $932 million in the first quarter of 2025.</p> <p>Like others in the health care sector, Kaiser Permanente and Risant Health continue to manage elevated costs in care delivery while taking steps to improve efficiency and maintain affordability. Kaiser Permanente incurred additional one-time costs in the first quarter related to work stoppages. Operating income is typically stronger in the first half of the year due to health plan enrollment cycles and moderates later as care utilization increases while revenue stays relatively flat.</p> <p>Financial market conditions drove investment and other income of $1.3 billion in the first quarter compared to $1.1 billion in the first quarter of 2025. Net income was $2.0 billion in the first quarter, consistent with net income of $2.0 billion in the first quarter of 2025.</p> <p>Kaiser Permanente <a href="https://about.kaiserpermanente.org/news/press-release-archive/kaiser-permanente-renown-health-complete-joint-venture-serve-northern-nevada">finalized a joint venture</a> in the first quarter with Renown Health to operate a health plan and new outpatient care delivery system in northern Nevada. Under the agreement, Hometown Health — the health plan previously owned by Renown Health — is now jointly owned by Kaiser Permanente and Renown Health.</p> <p>“As the health care landscape continues to evolve, Kaiser Permanente and Risant Health are expanding access to our value-based care models, which deliver high-quality outcomes while driving affordability,” said Kaiser Permanente chair and chief executive officer Greg A. Adams. “This approach — and the dedication of our physicians and employees — means we can serve more people and communities across the country.”</p> <h2>Membership</h2> <p>Membership across Kaiser Permanente and Risant Health affiliates was nearly 13.5 million as of March 31, 2026.</p> <h2>Capital spending</h2> <p>Capital spending was $1.2 billion in the first quarter compared to $1.0 billion in the first quarter of 2025. This spending included important investments in facilities and technology to ensure members and patients receive the right care, at the right time, in the right setting.</p> <p>“In the first quarter, we continued to invest in our facilities and technology that support access, quality, and care for our members,” said Kaiser Permanente executive vice president and chief financial officer Kathy Lancaster. “To offset the ongoing cost pressures in care delivery, we are accelerating efficiencies across business functions as part of our continued affordability focus.”</p> <h2>Q1 2026 and Q1 2025 KFHP/H &amp; Risant Health financial summary</h2> </div> </div> <div> <div> <div> <div> <table> <caption> *Includes $66 million from Cone Health acquisition by Risant Health </caption> <tbody> <tr> <th><b>$ in millions, except %</b></th> <th><b>Q1 2026</b></th> <th><b>Q1 2025</b></th> </tr> <tr> <td>Operating revenues</td> <td>$34,577</td> <td>$31,821</td> </tr> <tr> <td>Operating expenses</td> <td>$33,866</td> <td>$30,889</td> </tr> <tr> <td>Operating income</td> <td>$711</td> <td>$932</td> </tr> <tr> <td>Operating margin</td> <td>2.1%</td> <td>2.9%</td> </tr> <tr> <td>Investment and other income</td> <td>$1,309</td> <td>$1,089*</td> </tr> <tr> <td>Net income</td> <td>$2,020</td> <td>$2,021</td> </tr> <tr> <td>Capital spending</td> <td>$1,223</td> <td>$1,034</td> </tr> </tbody> </table> </div> </div> <div> <div id="c07-text-85f5fe0201"> <p>Note: Certain statements included in this document may constitute “forward-looking statements.” Such statements are generally identifiable by the terminology used, such as “plan,” “project,” “forecast,” “expect,” “estimate,” “budget,” or other similar words. The achievement of certain results or other expectations contained in such forward-looking statements involves known and unknown risks, uncertainties, and other factors, which may cause actual results, performance, or achievements described to be materially different from any future results, performance, or achievements expressed or implied by such forward-looking statements. Accordingly, actual results will vary and the variations may be material. None of the KFHP/H &amp; Risant Health organizations plan to issue any updates or revisions to those forward-looking statements if or when expectations change, or events, conditions, or circumstances on which such statements are based occur.</p> </div> </div> </div> </div> <div> </div> </div> </div> <div> <div> </div> </div> </div> </div> </div> <div></div> <div> <div> </div> </div> <div> <div> <div> <div> <div> </div> </div> <div> <div> <div></div> <div> <div> </div> </div> </div> </div> <div> <div> </div> </div> </div> </div> </div> <div> <div> <div></div> </div> </div> <div></div> </div>]]> Our people Child and teen health https://about.kaiserpermanente.org/news/healthy-minds-healthy-bodies-thriving-futures https://about.kaiserpermanente.org/news/prior-authorization-can-be-the-exception-not-the-rule <![CDATA[ Aligning care and coverage can reduce friction, improve access, and preserve appropriate clinical oversight.]]> Wed, 22 Apr 2026 07:00:00 +0000 <![CDATA[ <div> <div></div> <div></div> <div></div> <div> <div> </div> </div> <div> <div> <div> <div> <div> <div> <div> </div> </div> </div> </div> <div> <div> <div> <div id="c07-text-97016ccfac"> <h2>Financial results</h2> <p>Kaiser Foundation Health Plan, Inc., Kaiser Foundation Hospitals, Risant Health, Inc., and their respective subsidiaries and affiliates (KFHP/H &amp; Risant Health) reported consolidated operating revenues of $34.6 billion and operating expenses of $33.9 billion in the first quarter of 2026 ending March 31. Operating revenues were $31.8 billion and operating expenses were $30.9 billion for the same period in 2025. Operating income was $711 million in the first quarter compared to operating income of $932 million in the first quarter of 2025.</p> <p>Like others in the health care sector, Kaiser Permanente and Risant Health continue to manage elevated costs in care delivery while taking steps to improve efficiency and maintain affordability. Kaiser Permanente incurred additional one-time costs in the first quarter related to work stoppages. Operating income is typically stronger in the first half of the year due to health plan enrollment cycles and moderates later as care utilization increases while revenue stays relatively flat.</p> <p>Financial market conditions drove investment and other income of $1.3 billion in the first quarter compared to $1.1 billion in the first quarter of 2025. Net income was $2.0 billion in the first quarter, consistent with net income of $2.0 billion in the first quarter of 2025.</p> <p>Kaiser Permanente <a href="https://about.kaiserpermanente.org/news/press-release-archive/kaiser-permanente-renown-health-complete-joint-venture-serve-northern-nevada">finalized a joint venture</a> in the first quarter with Renown Health to operate a health plan and new outpatient care delivery system in northern Nevada. Under the agreement, Hometown Health — the health plan previously owned by Renown Health — is now jointly owned by Kaiser Permanente and Renown Health.</p> <p>“As the health care landscape continues to evolve, Kaiser Permanente and Risant Health are expanding access to our value-based care models, which deliver high-quality outcomes while driving affordability,” said Kaiser Permanente chair and chief executive officer Greg A. Adams. “This approach — and the dedication of our physicians and employees — means we can serve more people and communities across the country.”</p> <h2>Membership</h2> <p>Membership across Kaiser Permanente and Risant Health affiliates was nearly 13.5 million as of March 31, 2026.</p> <h2>Capital spending</h2> <p>Capital spending was $1.2 billion in the first quarter compared to $1.0 billion in the first quarter of 2025. This spending included important investments in facilities and technology to ensure members and patients receive the right care, at the right time, in the right setting.</p> <p>“In the first quarter, we continued to invest in our facilities and technology that support access, quality, and care for our members,” said Kaiser Permanente executive vice president and chief financial officer Kathy Lancaster. “To offset the ongoing cost pressures in care delivery, we are accelerating efficiencies across business functions as part of our continued affordability focus.”</p> <h2>Q1 2026 and Q1 2025 KFHP/H &amp; Risant Health financial summary</h2> </div> </div> <div> <div> <div> <div> <table> <caption> *Includes $66 million from Cone Health acquisition by Risant Health </caption> <tbody> <tr> <th><b>$ in millions, except %</b></th> <th><b>Q1 2026</b></th> <th><b>Q1 2025</b></th> </tr> <tr> <td>Operating revenues</td> <td>$34,577</td> <td>$31,821</td> </tr> <tr> <td>Operating expenses</td> <td>$33,866</td> <td>$30,889</td> </tr> <tr> <td>Operating income</td> <td>$711</td> <td>$932</td> </tr> <tr> <td>Operating margin</td> <td>2.1%</td> <td>2.9%</td> </tr> <tr> <td>Investment and other income</td> <td>$1,309</td> <td>$1,089*</td> </tr> <tr> <td>Net income</td> <td>$2,020</td> <td>$2,021</td> </tr> <tr> <td>Capital spending</td> <td>$1,223</td> <td>$1,034</td> </tr> </tbody> </table> </div> </div> <div> <div id="c07-text-85f5fe0201"> <p>Note: Certain statements included in this document may constitute “forward-looking statements.” Such statements are generally identifiable by the terminology used, such as “plan,” “project,” “forecast,” “expect,” “estimate,” “budget,” or other similar words. The achievement of certain results or other expectations contained in such forward-looking statements involves known and unknown risks, uncertainties, and other factors, which may cause actual results, performance, or achievements described to be materially different from any future results, performance, or achievements expressed or implied by such forward-looking statements. Accordingly, actual results will vary and the variations may be material. None of the KFHP/H &amp; Risant Health organizations plan to issue any updates or revisions to those forward-looking statements if or when expectations change, or events, conditions, or circumstances on which such statements are based occur.</p> </div> </div> </div> </div> <div> </div> </div> </div> <div> <div> </div> </div> </div> </div> </div> <div></div> <div> <div> </div> </div> <div> <div> <div> <div> <div> </div> </div> <div> <div> <div></div> <div> <div> </div> </div> </div> </div> <div> <div> </div> </div> </div> </div> </div> <div> <div> <div></div> </div> </div> <div></div> </div>]]> Policy and advocacy Our industry Health Plan https://about.kaiserpermanente.org/news/prior-authorization-can-be-the-exception-not-the-rule https://about.kaiserpermanente.org/news/our-bold-goal-help-1000-therapists-get-licensed-by-2028 <![CDATA[ The Kaiser Permanente Mental Health Career Accelerator is growing to help more aspiring clinicians get their license and start caring for patients.]]> Thu, 16 Apr 2026 07:00:00 +0000 <![CDATA[ <div> <div></div> <div></div> <div></div> <div> <div> </div> </div> <div> <div> <div> <div> <div> <div> <div> </div> </div> </div> </div> <div> <div> <div> <div id="c07-text-97016ccfac"> <h2>Financial results</h2> <p>Kaiser Foundation Health Plan, Inc., Kaiser Foundation Hospitals, Risant Health, Inc., and their respective subsidiaries and affiliates (KFHP/H &amp; Risant Health) reported consolidated operating revenues of $34.6 billion and operating expenses of $33.9 billion in the first quarter of 2026 ending March 31. Operating revenues were $31.8 billion and operating expenses were $30.9 billion for the same period in 2025. Operating income was $711 million in the first quarter compared to operating income of $932 million in the first quarter of 2025.</p> <p>Like others in the health care sector, Kaiser Permanente and Risant Health continue to manage elevated costs in care delivery while taking steps to improve efficiency and maintain affordability. Kaiser Permanente incurred additional one-time costs in the first quarter related to work stoppages. Operating income is typically stronger in the first half of the year due to health plan enrollment cycles and moderates later as care utilization increases while revenue stays relatively flat.</p> <p>Financial market conditions drove investment and other income of $1.3 billion in the first quarter compared to $1.1 billion in the first quarter of 2025. Net income was $2.0 billion in the first quarter, consistent with net income of $2.0 billion in the first quarter of 2025.</p> <p>Kaiser Permanente <a href="https://about.kaiserpermanente.org/news/press-release-archive/kaiser-permanente-renown-health-complete-joint-venture-serve-northern-nevada">finalized a joint venture</a> in the first quarter with Renown Health to operate a health plan and new outpatient care delivery system in northern Nevada. Under the agreement, Hometown Health — the health plan previously owned by Renown Health — is now jointly owned by Kaiser Permanente and Renown Health.</p> <p>“As the health care landscape continues to evolve, Kaiser Permanente and Risant Health are expanding access to our value-based care models, which deliver high-quality outcomes while driving affordability,” said Kaiser Permanente chair and chief executive officer Greg A. Adams. “This approach — and the dedication of our physicians and employees — means we can serve more people and communities across the country.”</p> <h2>Membership</h2> <p>Membership across Kaiser Permanente and Risant Health affiliates was nearly 13.5 million as of March 31, 2026.</p> <h2>Capital spending</h2> <p>Capital spending was $1.2 billion in the first quarter compared to $1.0 billion in the first quarter of 2025. This spending included important investments in facilities and technology to ensure members and patients receive the right care, at the right time, in the right setting.</p> <p>“In the first quarter, we continued to invest in our facilities and technology that support access, quality, and care for our members,” said Kaiser Permanente executive vice president and chief financial officer Kathy Lancaster. “To offset the ongoing cost pressures in care delivery, we are accelerating efficiencies across business functions as part of our continued affordability focus.”</p> <h2>Q1 2026 and Q1 2025 KFHP/H &amp; Risant Health financial summary</h2> </div> </div> <div> <div> <div> <div> <table> <caption> *Includes $66 million from Cone Health acquisition by Risant Health </caption> <tbody> <tr> <th><b>$ in millions, except %</b></th> <th><b>Q1 2026</b></th> <th><b>Q1 2025</b></th> </tr> <tr> <td>Operating revenues</td> <td>$34,577</td> <td>$31,821</td> </tr> <tr> <td>Operating expenses</td> <td>$33,866</td> <td>$30,889</td> </tr> <tr> <td>Operating income</td> <td>$711</td> <td>$932</td> </tr> <tr> <td>Operating margin</td> <td>2.1%</td> <td>2.9%</td> </tr> <tr> <td>Investment and other income</td> <td>$1,309</td> <td>$1,089*</td> </tr> <tr> <td>Net income</td> <td>$2,020</td> <td>$2,021</td> </tr> <tr> <td>Capital spending</td> <td>$1,223</td> <td>$1,034</td> </tr> </tbody> </table> </div> </div> <div> <div id="c07-text-85f5fe0201"> <p>Note: Certain statements included in this document may constitute “forward-looking statements.” Such statements are generally identifiable by the terminology used, such as “plan,” “project,” “forecast,” “expect,” “estimate,” “budget,” or other similar words. The achievement of certain results or other expectations contained in such forward-looking statements involves known and unknown risks, uncertainties, and other factors, which may cause actual results, performance, or achievements described to be materially different from any future results, performance, or achievements expressed or implied by such forward-looking statements. Accordingly, actual results will vary and the variations may be material. None of the KFHP/H &amp; Risant Health organizations plan to issue any updates or revisions to those forward-looking statements if or when expectations change, or events, conditions, or circumstances on which such statements are based occur.</p> </div> </div> </div> </div> <div> </div> </div> </div> <div> <div> </div> </div> </div> </div> </div> <div></div> <div> <div> </div> </div> <div> <div> <div> <div> <div> </div> </div> <div> <div> <div></div> <div> <div> </div> </div> </div> </div> <div> <div> </div> </div> </div> </div> </div> <div> <div> <div></div> </div> </div> <div></div> </div>]]> Career and learning Our organization https://about.kaiserpermanente.org/news/our-bold-goal-help-1000-therapists-get-licensed-by-2028 https://about.kaiserpermanente.org/news/press-release-archive/inspiring-next-generation-health-care-professionals <![CDATA[ Summer internships and a career exploration day offer Maui students real-world experience.]]> Thu, 16 Apr 2026 07:00:00 +0000 <![CDATA[ <div> <div></div> <div></div> <div></div> <div> <div> </div> </div> <div> <div> <div> <div> <div> <div> <div> </div> </div> </div> </div> <div> <div> <div> <div id="c07-text-97016ccfac"> <h2>Financial results</h2> <p>Kaiser Foundation Health Plan, Inc., Kaiser Foundation Hospitals, Risant Health, Inc., and their respective subsidiaries and affiliates (KFHP/H &amp; Risant Health) reported consolidated operating revenues of $34.6 billion and operating expenses of $33.9 billion in the first quarter of 2026 ending March 31. Operating revenues were $31.8 billion and operating expenses were $30.9 billion for the same period in 2025. Operating income was $711 million in the first quarter compared to operating income of $932 million in the first quarter of 2025.</p> <p>Like others in the health care sector, Kaiser Permanente and Risant Health continue to manage elevated costs in care delivery while taking steps to improve efficiency and maintain affordability. Kaiser Permanente incurred additional one-time costs in the first quarter related to work stoppages. Operating income is typically stronger in the first half of the year due to health plan enrollment cycles and moderates later as care utilization increases while revenue stays relatively flat.</p> <p>Financial market conditions drove investment and other income of $1.3 billion in the first quarter compared to $1.1 billion in the first quarter of 2025. Net income was $2.0 billion in the first quarter, consistent with net income of $2.0 billion in the first quarter of 2025.</p> <p>Kaiser Permanente <a href="https://about.kaiserpermanente.org/news/press-release-archive/kaiser-permanente-renown-health-complete-joint-venture-serve-northern-nevada">finalized a joint venture</a> in the first quarter with Renown Health to operate a health plan and new outpatient care delivery system in northern Nevada. Under the agreement, Hometown Health — the health plan previously owned by Renown Health — is now jointly owned by Kaiser Permanente and Renown Health.</p> <p>“As the health care landscape continues to evolve, Kaiser Permanente and Risant Health are expanding access to our value-based care models, which deliver high-quality outcomes while driving affordability,” said Kaiser Permanente chair and chief executive officer Greg A. Adams. “This approach — and the dedication of our physicians and employees — means we can serve more people and communities across the country.”</p> <h2>Membership</h2> <p>Membership across Kaiser Permanente and Risant Health affiliates was nearly 13.5 million as of March 31, 2026.</p> <h2>Capital spending</h2> <p>Capital spending was $1.2 billion in the first quarter compared to $1.0 billion in the first quarter of 2025. This spending included important investments in facilities and technology to ensure members and patients receive the right care, at the right time, in the right setting.</p> <p>“In the first quarter, we continued to invest in our facilities and technology that support access, quality, and care for our members,” said Kaiser Permanente executive vice president and chief financial officer Kathy Lancaster. “To offset the ongoing cost pressures in care delivery, we are accelerating efficiencies across business functions as part of our continued affordability focus.”</p> <h2>Q1 2026 and Q1 2025 KFHP/H &amp; Risant Health financial summary</h2> </div> </div> <div> <div> <div> <div> <table> <caption> *Includes $66 million from Cone Health acquisition by Risant Health </caption> <tbody> <tr> <th><b>$ in millions, except %</b></th> <th><b>Q1 2026</b></th> <th><b>Q1 2025</b></th> </tr> <tr> <td>Operating revenues</td> <td>$34,577</td> <td>$31,821</td> </tr> <tr> <td>Operating expenses</td> <td>$33,866</td> <td>$30,889</td> </tr> <tr> <td>Operating income</td> <td>$711</td> <td>$932</td> </tr> <tr> <td>Operating margin</td> <td>2.1%</td> <td>2.9%</td> </tr> <tr> <td>Investment and other income</td> <td>$1,309</td> <td>$1,089*</td> </tr> <tr> <td>Net income</td> <td>$2,020</td> <td>$2,021</td> </tr> <tr> <td>Capital spending</td> <td>$1,223</td> <td>$1,034</td> </tr> </tbody> </table> </div> </div> <div> <div id="c07-text-85f5fe0201"> <p>Note: Certain statements included in this document may constitute “forward-looking statements.” Such statements are generally identifiable by the terminology used, such as “plan,” “project,” “forecast,” “expect,” “estimate,” “budget,” or other similar words. The achievement of certain results or other expectations contained in such forward-looking statements involves known and unknown risks, uncertainties, and other factors, which may cause actual results, performance, or achievements described to be materially different from any future results, performance, or achievements expressed or implied by such forward-looking statements. Accordingly, actual results will vary and the variations may be material. None of the KFHP/H &amp; Risant Health organizations plan to issue any updates or revisions to those forward-looking statements if or when expectations change, or events, conditions, or circumstances on which such statements are based occur.</p> </div> </div> </div> </div> <div> </div> </div> </div> <div> <div> </div> </div> </div> </div> </div> <div></div> <div> <div> </div> </div> <div> <div> <div> <div> <div> </div> </div> <div> <div> <div></div> <div> <div> </div> </div> </div> </div> <div> <div> </div> </div> </div> </div> </div> <div> <div> <div></div> </div> </div> <div></div> </div>]]> Our organization 2026 https://about.kaiserpermanente.org/news/press-release-archive/inspiring-next-generation-health-care-professionals https://about.kaiserpermanente.org/news/hidden-health-effects-of-the-air-around-you <![CDATA[ Poor air quality can worsen asthma and affect daily life. We support programs that help people manage symptoms and make informed choices.]]> Wed, 15 Apr 2026 07:00:00 +0000 <![CDATA[ <div> <div></div> <div></div> <div></div> <div> <div> </div> </div> <div> <div> <div> <div> <div> <div> <div> </div> </div> </div> </div> <div> <div> <div> <div id="c07-text-97016ccfac"> <h2>Financial results</h2> <p>Kaiser Foundation Health Plan, Inc., Kaiser Foundation Hospitals, Risant Health, Inc., and their respective subsidiaries and affiliates (KFHP/H &amp; Risant Health) reported consolidated operating revenues of $34.6 billion and operating expenses of $33.9 billion in the first quarter of 2026 ending March 31. Operating revenues were $31.8 billion and operating expenses were $30.9 billion for the same period in 2025. Operating income was $711 million in the first quarter compared to operating income of $932 million in the first quarter of 2025.</p> <p>Like others in the health care sector, Kaiser Permanente and Risant Health continue to manage elevated costs in care delivery while taking steps to improve efficiency and maintain affordability. Kaiser Permanente incurred additional one-time costs in the first quarter related to work stoppages. Operating income is typically stronger in the first half of the year due to health plan enrollment cycles and moderates later as care utilization increases while revenue stays relatively flat.</p> <p>Financial market conditions drove investment and other income of $1.3 billion in the first quarter compared to $1.1 billion in the first quarter of 2025. Net income was $2.0 billion in the first quarter, consistent with net income of $2.0 billion in the first quarter of 2025.</p> <p>Kaiser Permanente <a href="https://about.kaiserpermanente.org/news/press-release-archive/kaiser-permanente-renown-health-complete-joint-venture-serve-northern-nevada">finalized a joint venture</a> in the first quarter with Renown Health to operate a health plan and new outpatient care delivery system in northern Nevada. Under the agreement, Hometown Health — the health plan previously owned by Renown Health — is now jointly owned by Kaiser Permanente and Renown Health.</p> <p>“As the health care landscape continues to evolve, Kaiser Permanente and Risant Health are expanding access to our value-based care models, which deliver high-quality outcomes while driving affordability,” said Kaiser Permanente chair and chief executive officer Greg A. Adams. “This approach — and the dedication of our physicians and employees — means we can serve more people and communities across the country.”</p> <h2>Membership</h2> <p>Membership across Kaiser Permanente and Risant Health affiliates was nearly 13.5 million as of March 31, 2026.</p> <h2>Capital spending</h2> <p>Capital spending was $1.2 billion in the first quarter compared to $1.0 billion in the first quarter of 2025. This spending included important investments in facilities and technology to ensure members and patients receive the right care, at the right time, in the right setting.</p> <p>“In the first quarter, we continued to invest in our facilities and technology that support access, quality, and care for our members,” said Kaiser Permanente executive vice president and chief financial officer Kathy Lancaster. “To offset the ongoing cost pressures in care delivery, we are accelerating efficiencies across business functions as part of our continued affordability focus.”</p> <h2>Q1 2026 and Q1 2025 KFHP/H &amp; Risant Health financial summary</h2> </div> </div> <div> <div> <div> <div> <table> <caption> *Includes $66 million from Cone Health acquisition by Risant Health </caption> <tbody> <tr> <th><b>$ in millions, except %</b></th> <th><b>Q1 2026</b></th> <th><b>Q1 2025</b></th> </tr> <tr> <td>Operating revenues</td> <td>$34,577</td> <td>$31,821</td> </tr> <tr> <td>Operating expenses</td> <td>$33,866</td> <td>$30,889</td> </tr> <tr> <td>Operating income</td> <td>$711</td> <td>$932</td> </tr> <tr> <td>Operating margin</td> <td>2.1%</td> <td>2.9%</td> </tr> <tr> <td>Investment and other income</td> <td>$1,309</td> <td>$1,089*</td> </tr> <tr> <td>Net income</td> <td>$2,020</td> <td>$2,021</td> </tr> <tr> <td>Capital spending</td> <td>$1,223</td> <td>$1,034</td> </tr> </tbody> </table> </div> </div> <div> <div id="c07-text-85f5fe0201"> <p>Note: Certain statements included in this document may constitute “forward-looking statements.” Such statements are generally identifiable by the terminology used, such as “plan,” “project,” “forecast,” “expect,” “estimate,” “budget,” or other similar words. The achievement of certain results or other expectations contained in such forward-looking statements involves known and unknown risks, uncertainties, and other factors, which may cause actual results, performance, or achievements described to be materially different from any future results, performance, or achievements expressed or implied by such forward-looking statements. Accordingly, actual results will vary and the variations may be material. None of the KFHP/H &amp; Risant Health organizations plan to issue any updates or revisions to those forward-looking statements if or when expectations change, or events, conditions, or circumstances on which such statements are based occur.</p> </div> </div> </div> </div> <div> </div> </div> </div> <div> <div> </div> </div> </div> </div> </div> <div></div> <div> <div> </div> </div> <div> <div> <div> <div> <div> </div> </div> <div> <div> <div></div> <div> <div> </div> </div> </div> </div> <div> <div> </div> </div> </div> </div> </div> <div> <div> <div></div> </div> </div> <div></div> </div>]]> Climate and health Environmental health Environmental stewardship Community health Allergies and asthma https://about.kaiserpermanente.org/news/hidden-health-effects-of-the-air-around-you https://about.kaiserpermanente.org/news/continued-progress-ensuring-access-to-mental-health-care <![CDATA[ We’re committed to improving behavioral health care and delivering evidence-based, high-quality mental health services as an essential part of total health.]]> Fri, 10 Apr 2026 07:00:00 +0000 <![CDATA[ <div> <div></div> <div></div> <div></div> <div> <div> </div> </div> <div> <div> <div> <div> <div> <div> <div> </div> </div> </div> </div> <div> <div> <div> <div id="c07-text-97016ccfac"> <h2>Financial results</h2> <p>Kaiser Foundation Health Plan, Inc., Kaiser Foundation Hospitals, Risant Health, Inc., and their respective subsidiaries and affiliates (KFHP/H &amp; Risant Health) reported consolidated operating revenues of $34.6 billion and operating expenses of $33.9 billion in the first quarter of 2026 ending March 31. Operating revenues were $31.8 billion and operating expenses were $30.9 billion for the same period in 2025. Operating income was $711 million in the first quarter compared to operating income of $932 million in the first quarter of 2025.</p> <p>Like others in the health care sector, Kaiser Permanente and Risant Health continue to manage elevated costs in care delivery while taking steps to improve efficiency and maintain affordability. Kaiser Permanente incurred additional one-time costs in the first quarter related to work stoppages. Operating income is typically stronger in the first half of the year due to health plan enrollment cycles and moderates later as care utilization increases while revenue stays relatively flat.</p> <p>Financial market conditions drove investment and other income of $1.3 billion in the first quarter compared to $1.1 billion in the first quarter of 2025. Net income was $2.0 billion in the first quarter, consistent with net income of $2.0 billion in the first quarter of 2025.</p> <p>Kaiser Permanente <a href="https://about.kaiserpermanente.org/news/press-release-archive/kaiser-permanente-renown-health-complete-joint-venture-serve-northern-nevada">finalized a joint venture</a> in the first quarter with Renown Health to operate a health plan and new outpatient care delivery system in northern Nevada. Under the agreement, Hometown Health — the health plan previously owned by Renown Health — is now jointly owned by Kaiser Permanente and Renown Health.</p> <p>“As the health care landscape continues to evolve, Kaiser Permanente and Risant Health are expanding access to our value-based care models, which deliver high-quality outcomes while driving affordability,” said Kaiser Permanente chair and chief executive officer Greg A. Adams. “This approach — and the dedication of our physicians and employees — means we can serve more people and communities across the country.”</p> <h2>Membership</h2> <p>Membership across Kaiser Permanente and Risant Health affiliates was nearly 13.5 million as of March 31, 2026.</p> <h2>Capital spending</h2> <p>Capital spending was $1.2 billion in the first quarter compared to $1.0 billion in the first quarter of 2025. This spending included important investments in facilities and technology to ensure members and patients receive the right care, at the right time, in the right setting.</p> <p>“In the first quarter, we continued to invest in our facilities and technology that support access, quality, and care for our members,” said Kaiser Permanente executive vice president and chief financial officer Kathy Lancaster. “To offset the ongoing cost pressures in care delivery, we are accelerating efficiencies across business functions as part of our continued affordability focus.”</p> <h2>Q1 2026 and Q1 2025 KFHP/H &amp; Risant Health financial summary</h2> </div> </div> <div> <div> <div> <div> <table> <caption> *Includes $66 million from Cone Health acquisition by Risant Health </caption> <tbody> <tr> <th><b>$ in millions, except %</b></th> <th><b>Q1 2026</b></th> <th><b>Q1 2025</b></th> </tr> <tr> <td>Operating revenues</td> <td>$34,577</td> <td>$31,821</td> </tr> <tr> <td>Operating expenses</td> <td>$33,866</td> <td>$30,889</td> </tr> <tr> <td>Operating income</td> <td>$711</td> <td>$932</td> </tr> <tr> <td>Operating margin</td> <td>2.1%</td> <td>2.9%</td> </tr> <tr> <td>Investment and other income</td> <td>$1,309</td> <td>$1,089*</td> </tr> <tr> <td>Net income</td> <td>$2,020</td> <td>$2,021</td> </tr> <tr> <td>Capital spending</td> <td>$1,223</td> <td>$1,034</td> </tr> </tbody> </table> </div> </div> <div> <div id="c07-text-85f5fe0201"> <p>Note: Certain statements included in this document may constitute “forward-looking statements.” Such statements are generally identifiable by the terminology used, such as “plan,” “project,” “forecast,” “expect,” “estimate,” “budget,” or other similar words. The achievement of certain results or other expectations contained in such forward-looking statements involves known and unknown risks, uncertainties, and other factors, which may cause actual results, performance, or achievements described to be materially different from any future results, performance, or achievements expressed or implied by such forward-looking statements. Accordingly, actual results will vary and the variations may be material. None of the KFHP/H &amp; Risant Health organizations plan to issue any updates or revisions to those forward-looking statements if or when expectations change, or events, conditions, or circumstances on which such statements are based occur.</p> </div> </div> </div> </div> <div> </div> </div> </div> <div> <div> </div> </div> </div> </div> </div> <div></div> <div> <div> </div> </div> <div> <div> <div> <div> <div> </div> </div> <div> <div> <div></div> <div> <div> </div> </div> </div> </div> <div> <div> </div> </div> </div> </div> </div> <div> <div> <div></div> </div> </div> <div></div> </div>]]> Our industry Statement Our organization https://about.kaiserpermanente.org/news/continued-progress-ensuring-access-to-mental-health-care https://about.kaiserpermanente.org/news/the-first-20-minutes-a-healthier-start-for-athletes <![CDATA[ A Kaiser Permanente sports medicine physician helps high school athletes prevent injuries, build strength, and perform at their best on and off the court.]]> Thu, 9 Apr 2026 07:00:00 +0000 <![CDATA[ <div> <div></div> <div></div> <div></div> <div> <div> </div> </div> <div> <div> <div> <div> <div> <div> <div> </div> </div> </div> </div> <div> <div> <div> <div id="c07-text-97016ccfac"> <h2>Financial results</h2> <p>Kaiser Foundation Health Plan, Inc., Kaiser Foundation Hospitals, Risant Health, Inc., and their respective subsidiaries and affiliates (KFHP/H &amp; Risant Health) reported consolidated operating revenues of $34.6 billion and operating expenses of $33.9 billion in the first quarter of 2026 ending March 31. Operating revenues were $31.8 billion and operating expenses were $30.9 billion for the same period in 2025. Operating income was $711 million in the first quarter compared to operating income of $932 million in the first quarter of 2025.</p> <p>Like others in the health care sector, Kaiser Permanente and Risant Health continue to manage elevated costs in care delivery while taking steps to improve efficiency and maintain affordability. Kaiser Permanente incurred additional one-time costs in the first quarter related to work stoppages. Operating income is typically stronger in the first half of the year due to health plan enrollment cycles and moderates later as care utilization increases while revenue stays relatively flat.</p> <p>Financial market conditions drove investment and other income of $1.3 billion in the first quarter compared to $1.1 billion in the first quarter of 2025. Net income was $2.0 billion in the first quarter, consistent with net income of $2.0 billion in the first quarter of 2025.</p> <p>Kaiser Permanente <a href="https://about.kaiserpermanente.org/news/press-release-archive/kaiser-permanente-renown-health-complete-joint-venture-serve-northern-nevada">finalized a joint venture</a> in the first quarter with Renown Health to operate a health plan and new outpatient care delivery system in northern Nevada. Under the agreement, Hometown Health — the health plan previously owned by Renown Health — is now jointly owned by Kaiser Permanente and Renown Health.</p> <p>“As the health care landscape continues to evolve, Kaiser Permanente and Risant Health are expanding access to our value-based care models, which deliver high-quality outcomes while driving affordability,” said Kaiser Permanente chair and chief executive officer Greg A. Adams. “This approach — and the dedication of our physicians and employees — means we can serve more people and communities across the country.”</p> <h2>Membership</h2> <p>Membership across Kaiser Permanente and Risant Health affiliates was nearly 13.5 million as of March 31, 2026.</p> <h2>Capital spending</h2> <p>Capital spending was $1.2 billion in the first quarter compared to $1.0 billion in the first quarter of 2025. This spending included important investments in facilities and technology to ensure members and patients receive the right care, at the right time, in the right setting.</p> <p>“In the first quarter, we continued to invest in our facilities and technology that support access, quality, and care for our members,” said Kaiser Permanente executive vice president and chief financial officer Kathy Lancaster. “To offset the ongoing cost pressures in care delivery, we are accelerating efficiencies across business functions as part of our continued affordability focus.”</p> <h2>Q1 2026 and Q1 2025 KFHP/H &amp; Risant Health financial summary</h2> </div> </div> <div> <div> <div> <div> <table> <caption> *Includes $66 million from Cone Health acquisition by Risant Health </caption> <tbody> <tr> <th><b>$ in millions, except %</b></th> <th><b>Q1 2026</b></th> <th><b>Q1 2025</b></th> </tr> <tr> <td>Operating revenues</td> <td>$34,577</td> <td>$31,821</td> </tr> <tr> <td>Operating expenses</td> <td>$33,866</td> <td>$30,889</td> </tr> <tr> <td>Operating income</td> <td>$711</td> <td>$932</td> </tr> <tr> <td>Operating margin</td> <td>2.1%</td> <td>2.9%</td> </tr> <tr> <td>Investment and other income</td> <td>$1,309</td> <td>$1,089*</td> </tr> <tr> <td>Net income</td> <td>$2,020</td> <td>$2,021</td> </tr> <tr> <td>Capital spending</td> <td>$1,223</td> <td>$1,034</td> </tr> </tbody> </table> </div> </div> <div> <div id="c07-text-85f5fe0201"> <p>Note: Certain statements included in this document may constitute “forward-looking statements.” Such statements are generally identifiable by the terminology used, such as “plan,” “project,” “forecast,” “expect,” “estimate,” “budget,” or other similar words. The achievement of certain results or other expectations contained in such forward-looking statements involves known and unknown risks, uncertainties, and other factors, which may cause actual results, performance, or achievements described to be materially different from any future results, performance, or achievements expressed or implied by such forward-looking statements. Accordingly, actual results will vary and the variations may be material. None of the KFHP/H &amp; Risant Health organizations plan to issue any updates or revisions to those forward-looking statements if or when expectations change, or events, conditions, or circumstances on which such statements are based occur.</p> </div> </div> </div> </div> <div> </div> </div> </div> <div> <div> </div> </div> </div> </div> </div> <div></div> <div> <div> </div> </div> <div> <div> <div> <div> <div> </div> </div> <div> <div> <div></div> <div> <div> </div> </div> </div> </div> <div> <div> </div> </div> </div> </div> </div> <div> <div> <div></div> </div> </div> <div></div> </div>]]> Our people Fitness and exercise Child and teen health https://about.kaiserpermanente.org/news/the-first-20-minutes-a-healthier-start-for-athletes