World's Largest non-profit Organization by revenue, Kaiser Foundation Health Plan sets world record
OAKLAND, CA, United States--Kaiser Foundation Health Plan, a major American nonprofit health maintenance organization employs over 300,000 individuals, and operate 40 hospitals and more than 614 medical offices; with an annual revenue of 82,490,440,881 $, sets the world record for the Largest non-profit organization by revenue, according to the WORLD RECORD ACADEMY.
Photos: Facebook/Kaiser Permanente
The Largest Non-Profit Organizations Worldwide
What are the largest associations, federations and foundations worldwide? Based on Wikidata, here is the list of the largest organisations by revenue, donations, total assets or employees," Cividata says.
Non-Profit Organizations Worldwide
"Kaiser Permanente is an American integrated managed care consortium headquartered in Oakland, California. Founded in 1945 by industrialist Henry J. Kaiser and physician Sidney R. Garfield, the organization was initially established to provide medical services at Kaiser's shipyards, steel mills and other facilities, before being opened to the general public. (Wikipedia)
"Kaiser Permanente operates as a consortium comprising three distinct but interdependent entities: the Kaiser Foundation Health Plan (KFHP) and its regional subsidiaries, Kaiser Foundation Hospitals, and the regional Permanente Medical Groups. As of 2022, Kaiser Permanente serves eight states (California, Colorado, Georgia, Hawaii, Maryland, Oregon, Virginia, and Washington) as well as the District of Columbia and is the largest managed care organization in the United States.
"Each Permanente Medical Group functions as a separate for-profit partnership or professional corporation within its specific territory. While these groups do not publicly disclose their financial results, they are primarily funded by reimbursements from the Kaiser Foundation Health Plan, one of the largest not-for-profit organizations in the United States.
"Kaiser employs over 300,000 individuals, including more than 98,000 physicians and nurses. The mixed-profit Kaiser Foundation Hospitals operate 40 hospitals and more than 614 medical offices, similarly funded by reimbursements from the Kaiser Foundation Health Plan."
The Kaiser Permanente Shop Plans portal provides prepaid health plans and integrated medical care through Kaiser Permanente for over 12 million members across multiple U.S. regions.
Plan Structure
• Health Plan (KFHP): Nonprofit organization offering prepaid coverage.
• Hospitals (KFH): Operates nonprofit community medical facilities.
• Medical Groups: Independent physician-owned groups delivering direct patient care
Coverage Options
• Individual & Family: Marketplace and private direct-purchase plans.
• Employer & Public: Group coverage, Medicare, and Medicaid options.
• Federal Programs: FEHB and Postal Service health benefit plans.
"The Kaiser Foundation Health Plan in California, the Health Insurance Plan of Greater New York, and the Group Health Cooperative of Puget Sound are generally regarded as innovators of this type of HMO. (Britannica)
"The MCF usually involves a number of insurance companies. The organization is a loose network of individual physicians, practicing individually and paid on a fee-for-service basis. The medical-care foundation reimburses the physicians from the prepaid fees of subscribers. Examples of this type of HMO are the San Joaquin Foundation in California and the Physician Association of Clackamas County in Oregon.
"Kaiser Foundation Health Plan, Inc. (Kaiser Health Plan or KHP) and its subsidiaries (collectively KFHP) have a very strong business profile, reflecting the company’s most favorable competitive positioning and business risk profile, as well as its favorable diversification and neutral corporate governance," the Fitch Rating says.
"The company’s competitive position benefits greatly from its unique, integrated operating model and large scale supported by 12.5 million members, approximately three quarters of which are in California. Business profile benefits from the organization’s relationship with affiliated company Kaiser Foundation Hospitals (KFH) and its contractual relationship with independent medical groups, referred to as the Permanente Medical Groups (PMGs), to provide medical care for its members. Fitch believes that this integrated model better aligns the interests of the health plan, hospitals and healthcare providers."
Kaiser Permanente
"Kaiser Permanente is committed to helping shape the future of healthcare and is guided by its mission to provide high-quality, affordable healthcare services and to improve the health of its members and the communities it serves.
"As a leading healthcare provider and not-for-profit health plan in the United States, Kaiser Permanente serves more than 12.3 million members in eight states and the District of Columbia and supports the overall health of 65 million people in its communities. Care for members and patients is focused on their total health and guided by their personal physicians, specialists and team of caregivers,"The World Economic Forum says.
