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Colorado Health Market Review 2025: Denver-area Hospitals and University of Colorado Health Reported Strong Profit Growth, Presenting Expansion and Acquisition Opportunities

globenewswire.com
HCA HealthOne/HCA hospitals in the Denver area posted strong pre-tax net income of $616.8 million, representing 21.3% of net patient revenues, indicating robust profitability. UNH University of Colorado Health hospitals in Denver reported strong net income of $689 million (20.4% of net patient revenues). Outside Denver, UC hospitals were also strongly profitable with $518.6 million in net income. CNC The article mentions Denver-area hospitals and other hospitals in Colorado, but does not provide specific financial details or sentiment for Community Health Systems. THC The article discusses hospital financial performance in Colorado but does not mention Tenet Healthcare or provide specific data related to the company. ELV Elevance Health, operating as Anthem Blue Cross Blue Shield in Colorado, reported strong net income of $417.7 million, indicating robust financial performance in the state's health insurance market.

Dublin, Feb. 05, 2026 (GLOBE NEWSWIRE) -- The "Colorado Health Market Review 2025" report has been added to ResearchAndMarkets.com's offering.

Pre-tax profits for Denver-area hospitals increased 14.4% in 2024, and net income for hospitals in other parts of the state increased by 30.5%. Enrollment in Colorado HMOs dropped by 4.9% in 2024, but their profits grew compared to 2022.

First published in 1994, this is the 23rd edition of this analysis of the payer and provider markets in the state. The report was published by a Minneapolis-based analyst studying health care policy, finance and local markets and currently publishes reports analyzing trends and strategies for health insurers and hospital systems in Colorado and five other states.

Key findings in the report:

Denver-area hospitals had net income of $1.3 billion in 2024, or 9.5% of net patient revenues of $13.945 billion.

Analyzing financial data from Medicare cost reports for 2024, the report finds that these hospitals improved their results by 14.4% compared to 2023. These hospitals had operating income of $52.6 million and other revenues from government grants, philanthropy and investments of $1.559 billion.

University of Colorado Health hospitals in the Denver area reported net income of $689 million in 2024 or 20.4% of net patient revenues. HealthOne/HCA hospitals posted pre-tax net income of $616.8 million or 21.3% of net patient revenues. While the CommonSpirit Health hospitals in the Denver Metro area had net income of $114.7 million, the AdventHealth hospitals lost $68.6 million. Intermountain Health lost $155.1 million, or 9.9% of net patient revenues, including losses of $115.6 million at Lutheran Medical Center.

Outside the Denver metro area, the University of Colorado hospitals, including Poudre Valley in Fort Collins and Memorial in Colorado Springs, were strongly profitable.

The UC hospitals had combined net income of $518.6 million, or 15.5% of net patient revenues, with Poudre Valley alone reporting $355.9 million in net income. The UC system has grown through new construction, particularly in Colorado Springs, and through acquisitions, most recently Parkview in Pueblo. In 2025, it announced plans to take over Estes Park hospital. The CommonSpirit Health hospitals, including Penrose-St. Francis in Colorado Springs and St. Anthony Summit in Frisco, had net income of $107.5 million, or 7.8% of net patient revenues. The five Banner Health hospitals in northern Colorado had combined losses of $20.3 million. Valley View in Glenwood Springs was the most profitable independent hospital.

After reporting losses in 2022, Colorado HMOs were profitable in 2023 and 2024.

In 2024, Colorado HMOs had net income of $89.1 million, or. 1.2% of underwriting revenues. That was similar to their net income of $90.6 million in 2023, and much improved over their combined losses of $72.5 million in 2022. That year, large investment losses for Kaiser Permanente wiped out the profits for the health plans. In 2024, Kaiser had net income of $51.2 million, while HMO Colorado had net income $85.8 million. However, Denver Health Medical Plan lost $55.9 million, and Colorado Access also lost money. Anthem Blue Cross Blue Shield reported net income of $417.7 million, or 18% of underwriting revenues. `HMOs improved their results in the first half of 2025, reporting net income of $134.6 million or 3.4% of revenues.

Since 2022, enrollment in Colorado HMOs has dropped by 11.7% or 221,000 lives.

Most of the decrease has been in persons covered by Medicaid, where enrollment has dropped by more than 20% since the state began re-evaluating the eligibility of Medicaid beneficiaries in 2023. Enrollment in Medicare Advantage plans has grown, and in 2025 more than 52% of Medicare beneficiaries in Colorado were in a Medicare Advantage health plan. Enrollment in individual plans has also grown but is expected to decrease for the 2026 benefit year as enrollees see significant premium increases, especially if Congress does not extend the enhanced subsidies that will expire at the end of 2025. Anthem Blue Cross Blue Shield lost more than 14,000 enrollees in employer group plans in 2024

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For more information about this report visit https://www.researchandmarkets.com/r/b2p805

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