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Snapshot: Kaiser, Asante Financial Reports Mirror Broader Profit, Charity Care Trends

Full-year figures for Kaiser Westside Medical Center become available for the first time, as Asante offers update on Ashland partnership
April 13, 2016

Despite their differences in both geography and size, chains Asante and Kaiser Permanente experienced similar financial trajectories in 2015, according to financial results analyzed by The Lund Report: While some locations are still finding their footing, overall profits are up across both systems, while charity care expenses are down.

For the fourth year, The Lund Report is digging deep into the finances of Oregon’s hospitals. We’re looking at how profitable they are and how many people they serve.

This story offers a brief snapshot look at some of our findings. Click here an in-depth look at Kaiser’s and Asante’s Oregon hospitals.

At Kaiser, the Westside Medical Center is so new that this Lund Report analysis shows the first full-year financial snapshot, making year-over-year comparisons not fully possible. But the hospital is definitely profitable, and Kaiser’s other location, Sunnyside, followed the statewide trend: Profits up, charity care spending down.

Click here to see The Lund Report’s look at Asante and Kaiser from last year. That report also examined Salem Health and Tuality Health, which have since partnered with Oregon Health & Science University. Both of those organizations will be examined in depth in a future Lund Report hospital examination, when we dig into the OHSU partnership.)

To reach Courtney Sherwood, email [email protected]. Follow her on Twitter at @csherwood.

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