Navigation Links
Kaiser Foundation Health Plan and Hospitals Report First Quarter 2009 Financial Results
Date:5/8/2009

OAKLAND, Calif., May 8 /PRNewswire/ -- Kaiser Foundation Health Plan, Inc., Kaiser Foundation Hospitals and their subsidiaries (KFHP/H) reported today total operating revenue of $10.6 billion for the quarter ended March 31, 2009, compared to $10.1 billion in the same period last year. Operating income in the first quarter was $624 million, versus $545 million in the first quarter of 2008. Declines in the financial markets impacted KFHP/H's investment portfolio in the first quarter of the year, resulting in net non-operating loss of $194 million, versus net non-operating loss of $295 million in the first quarter of 2008. Net income in the first three months of the year was $430 million, compared to $250 million in the same period last year.

KFHP/H added more than 12,000 new members in the first quarter of the year, and total membership was more than 8.6 million members, as of March 31, 2009. "Given the uncertainty in the economy and financial markets, we are pleased with our results in the first quarter," said Executive Vice President and Chief Financial Officer Kathy Lancaster. "As unemployment levels continue to rise, however, we are preparing for additional challenges by focusing on member retention and on membership growth in targeted markets."

In the first three months of the year, KFHP/H's capital spending totaled $558 million, compared to $508 million in the same period last year. "We continue to invest prudently in our technology-enabled, integrated care delivery system," said Chairman and Chief Executive Officer George Halvorson. "The enhancements we are making to our information technology systems, care delivery programs, and facilities provide our clinical and professional teams with the capabilities to deliver better care and service, and operate more efficiently."

KFHP/H continued to expand Kaiser Permanente HealthConnect(R), the world's largest civilian electronic health record, during the
'/>"/>

SOURCE Kaiser Permanente
Copyright©2009 PR Newswire.
All rights reserved

Page: 1 2 3

Related medicine news :

1. Security Officers Who Guard Kaiser Hospitals Protest Lack of Access to Affordable Healthcare
2. Kaiser Permanente Grant to Expand UCLA International Medical Center Graduate Program
3. As Kaiser Permanente Opens a New Hospital Wing, Security Officers Left Behind Without Affordable Healthcare
4. Women Ten Times More Likely To Do Breast Self-Exams Correctly With Intervention Program, Kaiser Permanente Study Finds
5. Kaiser Permanente Approves $13 Million in Community Benefit Grants in First Quarter of 2009
6. Kaiser Family Foundation Launches Daily Global Health Policy Report and Policy Tracking Tool As Part of New Web Gateway Focusing on U.S. Global Health Policy
7. Kaiser Permanente Continues to Spread Health With New Ads Debuting in April
8. Kaiser Permanente Honors Founding Physician With Release of Biography
9. Three Million People Now Using Kaiser Permanentes Personal Health Record
10. Kaiser Permanente CEO George Halvorson Receives National Award From the Workgroup for Electronic Data Interchange
11. Kaiser Permanente Physician Celebrated for Contributions to Locally Grown Food Movement
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:9/4/2015)... ... ... and Overseer at The House of Yahweh, has written an open letter to Pope Francis ... United States. , Yisrayl lays out what he says is the true meaning of the ... provides the meaning of his own name and describes what bible prophecy says about his ...
(Date:9/4/2015)... , ... September 04, 2015 , ... Friday night, Chicago ... hosting Generation Rescue’s A Night of Hope event supporting families affected by autism, raising ... Rowena and Joe Salas, joined together at the Oscar Swan Inn to support the ...
(Date:9/3/2015)... ... September 03, 2015 , ... Allied Anesthesia is proud to announce ... the norm not the exception. , St. Jude was recently named one of the ... Association, making it one of only 10 hospitals in the state to earn the ...
(Date:9/3/2015)... ... September 03, 2015 , ... William Mattar Law Offices is known for ... does not stop at any certain demographic or segment of the population. Because ... fifteen- and ten-second TV commercials. , The closed captioning will allow people with hearing ...
(Date:9/3/2015)... ... 2015 , ... The Beryl Institute announces 52 breakout sessions ... April 13-15 at Sheraton Hotel in Dallas, Texas. Patient Experience Conference is the ... healthcare leaders, staff, physicians, patients and families across the globe to convene, engage ...
Breaking Medicine News(10 mins):Health News:Yisrayl Hawkins Writes Open Letter to Pope Francis In Light of Approaching U.S. Visit 2Health News:Jenny McCarthy & Donnie Wahlberg Help Raise Over $200,000 For Generation Rescue’s ‘Night Of Hope’ Chicago Charity Event 2Health News:Allied Anesthesia Physicians Announce Partnership with St. Jude 2Health News:Allied Anesthesia Physicians Announce Partnership with St. Jude 3Health News:Law Firm Focused on “Helping People” Continues to Expand on Vision 2Health News:Patient Experience Conference 2016 Program Announced by The Beryl Institute 2Health News:Patient Experience Conference 2016 Program Announced by The Beryl Institute 3
... dengue fever in the state has been brought out ... aegypti, mosquito is the common carrier of both chikungunya ... has taken up an integrated mosquito control programme involving ... areas in every house will be examined. ...
... proteins in the eye is the main trigger for ... researchers at Case Western Reserve University and the Cleveland ... one of the main reasons for the development of ... among people over 65 in the United States. ...
... depression and falls all increase risk of developing a ... a particularly effective way to reduce the nation’s disability ... efforts that combine education about risks with exercise, home ... least in the short run, found researchers led by ...
... an insight into how effective the lead petrol ban has ... of the otters killed by cars //since 1992 has found ... a valuable pointer for human health as well since lead ... well as affect the kidney. ,Researcher Dr. Liz ...
... Inc., confirms their plans to go into a partnership ... journal.// ,International publisher John Wiley & Sons, ... plans of a new agreement with the North American ... the American Association for the Study of Liver Diseases ...
... and uncertainty as a part of it. However, the ... of nuclear power stations and flu pandemic// has generated ... do something to re-build trust in politicians and scientists. ... risk originates from emotions and not logic, particularly, when ...
Cached Medicine News:Health News:Molecule responsible for age associated macular degeneration identified 2Health News:Preventing Falls May Be Key to Avoiding Disability in Elderly 2Health News:Danger and insecurity in contemporary life 2
(Date:9/4/2015)... PUNE, India , September 4, 2015 ... "Apheresis Market by Application (Plasmapheresis, Plateletpheresis, Erythrocytapheresis, Leukapheresis, and ... by Technology and by Product - Global Forecast to ... expected to reach USD 2.5 Billion by 2020, growing ... from 2015 to 2020. Browse 139 ...
(Date:9/4/2015)... NEW YORK , Sept. 4, 2015  Cumberland ... Executive Officer, will present live at VirtualInvestorConferences.com on September ... TIME: 2:30p.m. ET LINK: http://tinyurl.com/sep10pre ... online event where investors are invited to ask the ... hall as well as the association,s "virtual trade booth." ...
(Date:9/4/2015)... DUBLIN , Sept. 4, 2015  Allergan plc (NYSE: ... that Brent Saunders , CEO and President of Allergan, ... at the Morgan Stanley Global Healthcare Conference 2015 in ... http://photos.prnewswire.com/prnh/20150612/222796LOGO The presentation will take ... Time at the Grand Hyatt New York, 109 East 42nd ...
Breaking Medicine Technology:Apheresis Market Worth 2.5 Billion USD by 2020 2Apheresis Market Worth 2.5 Billion USD by 2020 3Apheresis Market Worth 2.5 Billion USD by 2020 4Apheresis Market Worth 2.5 Billion USD by 2020 5Cumberland Pharmaceuticals to Webcast, Live, at VirtualInvestorConferences.com September 10 2Allergan to Present at Morgan Stanley Global Healthcare Conference 2015 2Allergan to Present at Morgan Stanley Global Healthcare Conference 2015 3
... experts recommend annual influenza vaccination for nearly 250 million ... rates fall far short every year. According to the ... 28,842 to 115,368 Denver residents will suffer from influenza ... immunization, the American Lung Association in Colorado (ALAC) is ...
... Oct. 15 Savient Pharmaceuticals, Inc. (Nasdaq: SVNT ... underwritten public offering. Prior to closing, the underwriters exercised ... shares of common stock. As a result, Savient sold ... at a price to the public of $13.29 per ...
Cached Medicine Technology:American Lung Association in Colorado's Faces of Influenza Initiative Rolls Up its Sleeves to Kick Off Flu Season in Denver 2American Lung Association in Colorado's Faces of Influenza Initiative Rolls Up its Sleeves to Kick Off Flu Season in Denver 3American Lung Association in Colorado's Faces of Influenza Initiative Rolls Up its Sleeves to Kick Off Flu Season in Denver 4Savient Pharmaceuticals Announces Closing of Public Offering and Exercise of Over-Allotment Option 2
... reference laboratory and a worldwide leader in ... an extensive test menu of highly complex ... anatomic pathology. Owned by the University of ... half of the nation's university teaching hospitals ...
... a national reference laboratory and a worldwide ... ARUP offers an extensive test menu of ... clinical and anatomic pathology. Owned by the ... more than half of the nation's university ...
... national reference laboratory and a worldwide leader ... offers an extensive test menu of highly ... and anatomic pathology. Owned by the University ... than half of the nation's university teaching ...
... ARUP Laboratories is a national reference ... laboratory research and development. ARUP offers an ... unique medical tests in clinical and anatomic ... ARUP Laboratories' clients include more than half ...
Medicine Products: