Navigation Links
Kaiser Foundation Health Plan and Hospitals Reports Fourth Quarter and Fiscal Year-End 2007 Financial Results
Date:2/14/2008

Results support investments in Kaiser Permanente care delivery system and

ongoing community benefit programs

OAKLAND, Calif., Feb. 14 /PRNewswire/ -- Kaiser Foundation Health Plan, Inc., Kaiser Foundation Hospitals and their subsidiaries (KFHP/H) today reported total operating revenue for the fourth quarter ended December 31, 2007 of $9.6 billion which compares to $8.7 billion for the fourth quarter of 2006, and a net loss of $233 million for the quarter versus net income of $215 million in the fourth quarter of 2006. The company realized an operating loss of $101 million for the fourth quarter versus operating profit of $97 million in 2006, and a non-operating loss of $132 million versus non-operating income in fourth quarter 2006 of $118 million.

Items impacting fourth quarter net loss include additional expenses associated with the opening of new facilities, higher retirement costs, other increases in hospital and medical costs, and increased spending for community benefit programs. Approximately $350 million of the reduction in net income for the fourth quarter was due to a tightening of the organization's criteria for recognizing impairment losses on its investment portfolio.

Total revenue for the year, ended December 31, 2007, was $37.8 billion, which compares to $34.4 billion in 2006. Operating income was $1.7 billion in 2007, or 4.6 percent of operating revenue, compared to $965 million in 2006, or 2.8 percent of operating revenue. Net income for 2007 was $2.2 billion compared to $1.4 billion in 2006. Non-operating income was $498 million compared to $387 million in the prior year. As reflected in the organization's second quarter 2007 earnings release, net income was favorably impacted by a $356 million reduction in reserves for professional liability and worker's compensation.

Capital spending in 2007, designed to enhance KFHP/H's health care systems, technology, facilities, and health programs and ser
'/>"/>

SOURCE Kaiser Foundation Health Plan, Inc.
Copyright©2008 PR Newswire.
All rights reserved

Page: 1 2 3 4

Related medicine news :

1. Southern California Hospital System Sues Kaiser Permanente for Managing Bills Rather Than Managing Care
2. Kaiser Permanente Approves $29 Million in Community Benefit Grants
3. Lifespring Health Sponsors the Kaiser Permanente San Francisco Half Marathon and 5K Fun Run
4. Dave Perbix Named Vice President, Occupational Health Sales and Marketing for Kaiser Permanente
5. Sixty Kaiser Permanente Volunteers Help Rebuild Gulf Coast
6. New Kaiser Permanente study fortifies caffeines link to miscarriage
7. Kaiser Permanente study shows link between caffeine and miscarriage
8. Kaiser Permanente Provides $1.4 Million in Holiday Gifts to 40 Metro Atlanta Nonprofits
9. Kaiser Permanente -- Group Health study shows depression worsens HIV treatment
10. GDS / Denex Dental Selected by Kaiser Permanente Northwest
11. Kaiser Permanente and Discovery Health Team Up to Fight Childhood Obesity Epidemic
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:11/24/2014)... Houston, TX (PRWEB) November 24, 2014 ... in all of the wrong ingredients. Consistently consuming a ... body to develop stores of excess fat that typically ... health problems and rearing its ugly head in the ... , When dieters make the decision to rid ...
(Date:11/24/2014)... (PRWEB) November 24, 2014 ReAdmission ... and disease management services to health plans, hospitals, ... Essette’s Medical Management software suite. ReAdmission Solutions ... in a program to reduce patients' avoidable readmissions ... Health Management, Care Management, Utilization Management, and Appeals ...
(Date:11/24/2014)... Diego, California (PRWEB) November 24, 2014 Dr. ... San Diego Fertility Center, recently appeared on NBC to discuss ... option. Egg freezing has been trending in the news recently, ... this expensive procedure for women. , “[The companies] ... women who are on a career hot path.” Says Dr. ...
(Date:11/23/2014)... November 24, 2014 The clinical ... 2014" provides data on the Aspergillosis clinical trial ... relating to the clinical trials on Aspergillosis. It ... their recruitment status as per the site of ... a preliminary coverage of disease clinical trials by ...
(Date:11/23/2014)... 24, 2014 For the coming special ... has launched a great promotion for many products, especially ... can get the best choice with amazing discounts, up ... Tidebuy.com. , It is easy to buy colored ... that, this selection is also famous for delicate craftsmanship, ...
Breaking Medicine News(10 mins):Health News:Ketogenic Diet is the Perfect Solution for Diet Doc Patients Who Want to Learn How to Lose Weight over the Holidays 2Health News:Ketogenic Diet is the Perfect Solution for Diet Doc Patients Who Want to Learn How to Lose Weight over the Holidays 3Health News:Ketogenic Diet is the Perfect Solution for Diet Doc Patients Who Want to Learn How to Lose Weight over the Holidays 4Health News:ReAdmission Solutions, LLC Selects Essette 2Health News:Dr. Michael Kettel of San Diego Fertility Center Gives “An Inside Look at Freezing Eggs” on NBC 2Health News:Dr. Michael Kettel of San Diego Fertility Center Gives “An Inside Look at Freezing Eggs” on NBC 3Health News:Aspergillosis Pipeline and Clinical Trials Market (Compnies and Drugs) Review H2 2014 Report at ReportsnReports.com 2Health News:Aspergillosis Pipeline and Clinical Trials Market (Compnies and Drugs) Review H2 2014 Report at ReportsnReports.com 3Health News:Aspergillosis Pipeline and Clinical Trials Market (Compnies and Drugs) Review H2 2014 Report at ReportsnReports.com 4Health News:Beautiful Wedding Dresses Available at Popular B2C Company Tidebuy 2
... now infarct size has only been measured as part of ... being that the reference method of gadolinium based contrast agents ... to perform, and can only be undertaken by imaging specialists," ... Padua, Italy. "The advantages of STE over MRI is that ...
... HealthDay Reporter , TUESDAY, Dec. 6 (HealthDay News) -- Working ... may also increase your risk of developing type 2 diabetes, new ... found that those who worked rotating night shifts were more likely ... the longer that they worked a rotating shift schedule, the greater ...
... TX - Accelerated partial breast irradiation (APBI) brachytherapy, ... popular as a treatment choice for women with ... of later mastectomy, increased radiation-related toxicities and post-operative ... according to researchers from The University of Texas ...
... Denise Mann HealthDay Reporter , TUESDAY, Dec. 6 ... for preterm birth as early as 23 weeks during their ... reduce the baby,s risk of serious developmental issues, including brain ... the Dec. 7 issue of the Journal of the ...
... , TUESDAY, Dec. 6 (HealthDay News) -- U.S. ... remove controversial, unapproved and illegally labeled HCG weight loss products ... a hormone made by the human placenta and found in ... in conjunction with an extremely low-calorie diet -- as low ...
... Reinberg HealthDay Reporter , TUESDAY, Dec. 6 (HealthDay ... with hormone therapy do not appear to be at increased ... new review of evidence. Hormone therapy called "androgen ... previous studies found that the therapy might increase the risk ...
Cached Medicine News:Health News:Echocardiography offers the future for infarct size quantification 2Health News:Echocardiography offers the future for infarct size quantification 3Health News:Echocardiography offers the future for infarct size quantification 4Health News:Rotating Shift Work May Boost Women's Diabetes Risk 2Health News:Rotating Shift Work May Boost Women's Diabetes Risk 3Health News:Study finds side effects, complications, mastectomy more likely after partial breast irradiation 2Health News:Study finds side effects, complications, mastectomy more likely after partial breast irradiation 3Health News:Steroids May Boost Survival for Very Preemie Babies 2Health News:FDA Targets Homeopathic Weight Loss Products 2Health News:FDA Targets Homeopathic Weight Loss Products 3Health News:FDA Targets Homeopathic Weight Loss Products 4Health News:Hormone Drugs Might Not Raise Heart-Related Deaths in Prostate Patients 2Health News:Hormone Drugs Might Not Raise Heart-Related Deaths in Prostate Patients 3
(Date:11/23/2014)... 2014 Anthera Pharmaceuticals, Inc. (Nasdaq: ... , President and Chief Executive Officer, will present a ... Conference. Anthera will present at 4:30PM ... in New York City . ... is a biopharmaceutical company focused on developing and commercializing ...
(Date:11/22/2014)... de noviembre de 2014  BioClinica®, Inc., un ... y tecnologías eClinical, ha indicado un aumento de ... para el seguimiento basado en el riesgo en ... concepto del seguimiento basado en el riesgo más ... de seguimiento o cambio de los métodos de ...
(Date:11/22/2014)... 2014 Research and Markets  has announced the ... Report, 2014-2017" report to their offering. ... recombinant protein drug market has been expanding rapidly owing ... the like. During 2005-2013, sales of recombinant protein drugs ... of 19.1%, and it is projected that ...
Breaking Medicine Technology:Anthera Pharmaceuticals to Present at Annual Piper Jaffray Healthcare Conference 2El 'seguimiento inteligente' consigue un excelente momento 2El 'seguimiento inteligente' consigue un excelente momento 3China Recombinant Protein Drug Industry Report, 2014-2017 2China Recombinant Protein Drug Industry Report, 2014-2017 3
... Studies in Mice Show Reduction of Enzyme ... -- Amicus,Therapeutics, a biopharmaceutical company developing,small-molecule, orally ... genetic diseases, announced today that the,Company will ... AT1001), Amicus' compound in development for the,treatment ...
... 2007 - Avid,Radiopharmaceuticals, Inc. (Avid), a product-focused ... the first,results from a clinical study of ... tomography (PET) imaging,of amyloid plaques in patients ... from Austin Hospital of,Melbourne, a leading investigator ...
Cached Medicine Technology:Amicus Therapeutics Presents Data From Preclinical and Phase 1,Studies of Amigal for Fabry Disease 2Amicus Therapeutics Presents Data From Preclinical and Phase 1,Studies of Amigal for Fabry Disease 3Avid Announces Results of AV-1 Molecular Imaging Agent for,Alzheimer's Disease Presented at AD/PD Meeting 2Avid Announces Results of AV-1 Molecular Imaging Agent for,Alzheimer's Disease Presented at AD/PD Meeting 3Avid Announces Results of AV-1 Molecular Imaging Agent for,Alzheimer's Disease Presented at AD/PD Meeting 4
... 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 ...
... Laboratories is a national reference laboratory and ... and development. ARUP offers an extensive test ... tests in clinical and anatomic pathology. Owned ... clients include more than half of the ...
... Laboratories is a national reference laboratory and ... and development. ARUP offers an extensive test ... tests in clinical and anatomic pathology. Owned ... clients include more than half of the ...
... 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: