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:10/2/2014)... Reinberg HealthDay Reporter WEDNESDAY, ... major highway may raise your risk for high blood pressure, ... women, those who lived within 109 yards of a busy ... blood pressure than women living at least half a mile ... highlight the importance of our physical environment on our health ...
(Date:10/2/2014)... HealthDay Reporter WEDNESDAY, Oct. 1, ... the stops to rescue surgical patients in crisis are ... such heroism is questionable, a new study suggests. ... saving elderly patients with life-threatening complications after major surgery, ... senior author Dr. Amir Ghaferi. He is assistant professor ...
(Date:10/1/2014)... Adelaide have developed a model that could help to ... treatment - from their very first psychotic episode. , ... including clinical symptoms, cognitive abilities, MRI scans of the ... Speaking in the lead up to World Mental Health ... , Professor Bernhard Baune , says the model ...
(Date:10/1/2014)... study published today in the Journal of the ... than 50 years with moderate or severe chronic knee ... from the University of Melbourne randomly assigned 282 patients ... no acupuncture or sham or pretend laser treatment. ... and acupuncturists blinded to laser and sham (inactive) laser ...
(Date:10/1/2014)... PA, October 1, 2014 Patients with increased ... have a greatly increased risk of depression. For ... for chronic hepatitis C virus infection causes depression ... fatty acids, more commonly known as fish oil, ... lowering the risk of heart disease and reducing ...
Breaking Medicine News(10 mins):Health News:Living Near a Highway May Be Bad for Your Blood Pressure 2Health News:Living Near a Highway May Be Bad for Your Blood Pressure 3Health News:'High-Intensity' Hospitals Save More Elderly After Surgery: Study 2Health News:'High-Intensity' Hospitals Save More Elderly After Surgery: Study 3Health News:Predicting the future course of psychotic illness 2Health News:Study finds acupuncture does not improve chronic knee pain 2Health News:Omega-3 fatty acids may prevent some forms of depression 2
... the mothers who took part in a study thought that their ... per cent of the fathers, according to the February issue of ... children, 75 per cent of mothers and 77 per cent of ... 800 parents of 439 children took part in the study, carried ...
... Gallup & ... decade. , ... January 28, 2010 -- In good times and in bad, people like to look at ... towards Super Bowl advertising have remained strongly positive throughout the economic ups and downs of ...
... percent of U.S. youths report using treatments, study finds, ... percent of children and adolescents in the United States ... to Harvard Medical School researchers. , Most of these ... about the safety or effectiveness of the alternative remedies, ...
... , , , , , ... Jan. 28 /PRNewswire-Asia-FirstCall/ -- Yayi International,Inc., (OTC Bulletin ... the leading producer and distributor of premium goat milk,formula products ... Republic of China , today announced that the company co-hosted ...
... ... for Abba House – a 12-month residential program in north Georgia that ... Technologies (GVT) and implementing FAMCare® – a custom-tailored, web-based case management solution ... a clearer picture of how their programs and services are benefiting their ...
... Bella’s House Community News ... and around the Houston, TX area. We have added two new ways parents can get ... ... News is dedicated to supporting parents with special needs children by acting as a clearing ...
Cached Medicine News:Health News:Most parents don't realize their 4 or 5 year-olds are overweight or obese 2Health News:Super Bowl Advertising, In Good Times And Bad 2Health News:Super Bowl Advertising, In Good Times And Bad 3Health News:Kids' Use of Alternative Therapies Often Mimics Parents' 2Health News:Yayi International Hosts Goat Milk Industry Development Summit and Distributor Conference 2Health News:Yayi International Hosts Goat Milk Industry Development Summit and Distributor Conference 3Health News:Yayi International Hosts Goat Milk Industry Development Summit and Distributor Conference 4Health News:Abba House Partners With Global Vision Technologies - First Adult Residential Case Management System of Its Kind 2Health News:Abba House Partners With Global Vision Technologies - First Adult Residential Case Management System of Its Kind 3Health News:Abba House Partners With Global Vision Technologies - First Adult Residential Case Management System of Its Kind 4Health News:Announcing the Launch of a New Workshop and Forum for Parents of Disabled Children 2Health News:Announcing the Launch of a New Workshop and Forum for Parents of Disabled Children 3
(Date:10/1/2014)... , October 1, 2014 ... Next Generation Sequencing (NGS) data analysis, today launches a ... cystic fibrosis analysis in a single NGS experiment. The ... all types of variants in a single NGS experiment ... it has not been possible to simultaneously analyse all ...
(Date:9/30/2014)... MARIETTA, Ga. , Sept. 30, 2014 ... leading regenerative medicine company utilizing human amniotic tissue and ... therapies for the Wound Care, Surgical, Orthopedic, Spinal, Sports ... Dr. Tom Koob , Ph.D., Chief Scientific Officer, ... Mesa. Dr. Koob will present on Tuesday, October 7, ...
(Date:9/30/2014)... NEW YORK , Sept. 30, 2014 /PRNewswire/ ... - 2014 Summary Global Markets Direct,s, ... 2014, provides an overview of the Aileron Therapeutics, ... report provides comprehensive information on the current therapeutic ... comparative analysis at various stages, therapeutics assessment by ...
Breaking Medicine Technology:Sophia Genetics Launches Full CFTR Analysis in Single Clinical Grade NGS Experiment 2MiMedx to Present at the Stem Cell Meeting on the Mesa 2Aileron Therapeutics, Inc. - Product Pipeline Review - 2014 2Aileron Therapeutics, Inc. - Product Pipeline Review - 2014 3
... At the 10th Asian Forum on Corporate Responsibility ... and its philanthropic foundation the Abbott Fund were honored ... advancing science education in the region.  Abbott Science Education ... innovative events designed to spark an interest in life-long ...
... Mass. and TORONTO, Oct. 24, 2011 Generex Biotechnology ... the Company is planning an investor update conference call ... to provide investors with an update on (i) the ... previously announced spinout of its wholly-owned immunotherapeutics subsidiary, Antigen ...
Cached Medicine Technology:Abbott Honored With Asian CSR Award for Leadership in Science Education 2Abbott Honored With Asian CSR Award for Leadership in Science Education 3Generex Announces Investor Update Conference Call Planned for Late November 2Generex Announces Investor Update Conference Call Planned for Late November 3
Hubbed drains are made of translucent silicone and include a full-length X-ray opaque stripe....
Bard® Channel Drain...
... Used for stone manipulation ... duct. The nitinol memory wire ... its shape following extreme torsion. ... the likelihood of mucosal damage ...
Used for serial post-operative cholangiography and the placement of a wire guide to facilitate post-operative E.R.C.P. Supplied sterile in peel-open packages. Intended for one-time use....
Medicine Products: