The Healthcare Breakdown No. 029 - Breaking down... I'm on vacation!

Brought to you by the person who invented the things that hang iPads on the back of your chair so a 5 hour drive with a 5 and 3 year old isn’t torture

What we’re breaking down: It’s a surprise

Why it matters: It’s not really a surprise, it’s just that I’m on vacation but I still love you

Read time: Depends on the amount of tears you have to read through (2 minutes for real though)

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I know what’s happening. You’ve got your mimosa, your slippers are on, which exquisitely compliment your lush vermillion bathrobe, and every Taylor Swift (Taylor’s version) is playing on a continuous loop in the background.

Wait, Taylor?

No she doesn’t read this, that would be random. But you should really forward this to her. Cool, thanks.

Anyways, you’re ready for a breakdown. For, THE Healthcare Breakdown.

And, I’ll bet your also expecting me to holler back at Kaiser. You know, that Fortune 100 company. Well, not actually a Fortune 100, since it’s a non-profit.

Random aside, number 100 on the Fortune 100 list is Coca-Cola. They make everyone’s favorite breakfast beverage.

Coca-Cola pulled $43B in revenue in 2022. $92.7B in assets.

Kaiser pulled $95B in revenue and had $99.5B in assets in 2022. And they don’t even make breakfast drinks for the entire planet.

Anywhooo, you may be expecting it, but I’m going to have to let you down.

We aren’t going to talk about Kaiser. Or why 75,000 workers felt compelled to strike. Or why its assets grew $27B or 34% over the past 4 years, during the hardest times health systems have ever faced.

We definitely aren’t going to talk about its $7B in cash from operations over the last six months. That it can literally afford billions in salary increases…

We aren’t talking about that today.

Because today, I am on vacation. And when on vacation, one only has the time for sand castles, tropical cocktails, and G rated movies.

Next week though! Next week is going to be big!

Not like super big, but I mean, not inconsequential.

Next week we’re breaking down something important. And boring. Sorry. It’s an accounting thing. And accounting things are boring. But, it is important! And I will do my best to un-boring it.

It’s important because done right, more independent physician practices can stay independent. Done wrong, just call Shore Capital Partners. Or Optum.

And I guess if you’re going to call them, this will increase your enterprise value. So it behooves you either way!

See you for real next week.

K. Love you.