Greater-than-expected use of health care services drove a jump in earnings last year across the hospitals and clinics run by HealthPartners, even as the Bloomington-based nonprofit saw less income from its health insurance business.
The net result was an increase of just over 50% in operating income, according to financial results released this week at the HealthPartners annual meeting.
COVID-19 costs were part of the story. Since the start of the pandemic, HealthPartners has paid $298 million in claims for pandemic-related patient treatments, testing and vaccination services, with 60% of the expense coming in 2021.
At the same time, patients