Kaiser Permanente’s efforts to expand its services and membership base not only benefit its members, they also profit various communities as jobs are created. In 2005, the leading HMO provider issued a news release that discussed their continued success, as well as plans for ongoing development at the cost of over $20 billion. How is Kaiser Permanente able to fund these endeavors? According to a statement in the same article from Chairman and CEO, George Halvorson, “Wise use of our membership dollars allows us to fund our new hospitals, seismic retrofitting, facility improvements and KP HealthConnect, our new electronic physician-support tool.” Six years later, are their plans coming to pass? Let’s allow the building projects to answer the question.
Anaheim: Kaiser Permanente is investing $500 million to transform 27 acres of land into a medical campus, which will include a 262-bed replacement hospital. The first building will open in the fall of 2011, with remaining facilities being completed by 2013.
Elk Grove: A 64,579 square-foot medical office building is underway to help serve Elk Grove’s growing population.
Fontana: With a $430 million construction budget, plans are underway to build a new seven-story, 314-bed hospital to replace the current Kaiser Permanente location. Among other things, the new building is being constructed to meet California’s new building codes for earthquake safety. The hospital is scheduled to open in December 2012.
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