Navigation Links
Kaiser Foundation Health Plan and Hospitals Report Third Quarter 2009 Financial Results
Date:11/6/2009

OAKLAND, Calif., Nov. 6 /PRNewswire/ -- Kaiser Foundation Health Plan, Inc., Kaiser Foundation Hospitals (KFHP/H), and their subsidiaries reported today a combined total operating revenue of $10.5 billion for the quarter ended September 30, 2009, compared to $10.2 billion in the third quarter of last year. Operating income in the third quarter was $336 million, compared to $307 million in the third quarter of last year. Net non-operating income was $233 million in the third quarter, compared to a net non-operating loss of $706 million in the third quarter of last year. As a result, third quarter net income was $569 million, versus a $399 million net loss in the third quarter of last year. These represent the combined operating results for Kaiser Foundation Health Plan, Inc., Kaiser Foundation Hospitals, and their subsidiaries.

Year-to-date total operating revenue was $31.6 billion, compared to $30.3 billion in the same period last year. Year-to-date operating income was $1.4 billion, which is comparable to the same period last year. Net non-operating income was $248 million in the first nine months of the year, compared to a net non-operating loss of $1.1 billion in the same period last year. As a result, year-to-date net income was approximately $1.6 billion, versus net income of $202 million in the same period last year.

Total membership declined by 63,000 members in the first nine months of the year and stands at 8.58 million. Capital spending totaled approximately $1.7 billion in the year-to-date period, versus $1.8 billion of capital spending reported in the same period last year.

"While we are seeing some positive activity in the financial markets, uncertainty in the economy and health care industry continues," said Kathy Lancaster, executive vice president and chief financial officer. "Though we are pleased with our performance, we continue to focus on making our high-quality care and service as affordable as possi
'/>"/>

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

Page: 1 2 3 4

Related medicine technology :

1. National Institutes of Health Awards More Than $54 Million to Kaiser Permanente to Conduct Health Research
2. Healthy Bones Program Reduces Hip Fractures by 37 Percent, Kaiser Permanente Study Finds
3. Kaiser Permanente - Group Health Study Shows Depression Worsens HIV Treatment
4. HeartSine and Your Safety Company to Donate a Portion of Sales Proceeds to Sudden Cardiac Arrest Foundation
5. National Foundation for Infectious Diseases (NFID) Survey: Parents More Flu Aware and More Likely to Get Kids Vaccinated
6. The Medco Foundation Joins With the Entertainment Industry Foundation to Give Health a Hand to Communities in Need
7. Child Neurology Foundation Announces the Launch of Infantilespasmsinfo.org
8. Satellite Healthcare Tees Up With the National Kidney Foundation in Santa Cruz, CA
9. Foundation Radiology Group Adds Shawn Kramer, Director of Client Services
10. Wound Management to Participate at Save A Leg, Save a Life Foundation National Conference
11. Oral Cancer Foundation to Donate Screening Devices to Free Clinics
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:1/23/2015)... Jan. 23, 2015  HyGreen, Inc., a leader in hand ... with RCA Medical, a subsidiary of Ascendis Health Limited, ... Each year, hundreds of millions of patients around ... organisms are transmitted from patient to patient via the ...
(Date:1/23/2015)... N.Y. , Jan. 23, 2015  Lixte Biotechnology Holdings, Inc. ... its Phase I trial of Lixte,s lead compound, LB‑100, is ... John S. Kovach , M.D., the founder ... planned to be completed at a single site. Accrual of ...
(Date:1/23/2015)... Jan. 23, 2015  CytoSorbents Corporation (NASDAQ CM: CTSO), ... extracorporeal cytokine adsorber to reduce deadly inflammation in ... of $385,642, net of transaction costs, in non-dilutive ... Business Tax Certificate Transfer Program sponsored by the ...
Breaking Medicine Technology:HyGreen Partners with RCA Medical in Johannesburg, South Africa 2Lixte Biotechnology Holdings Announces Expansion Of Clinical Sites For Its Phase I Trial Of Its Lead Anti-Cancer Compound, LB-100 2Lixte Biotechnology Holdings Announces Expansion Of Clinical Sites For Its Phase I Trial Of Its Lead Anti-Cancer Compound, LB-100 3CytoSorbents Receives $385,000 in Non-Dilutive Funding from the New Jersey Technology Business Tax Certificate Transfer Program 2CytoSorbents Receives $385,000 in Non-Dilutive Funding from the New Jersey Technology Business Tax Certificate Transfer Program 3
(Date:1/22/2015)... 2015 AngelWeddingDress, the premier women’s dress ... wedding dresses. View website of AngelWeddingDress.com to ... maternity wedding dresses online for a bridal party. AngelWeddingDress ... quality for them. Its maternity wedding dresses are specially ...
(Date:1/22/2015)... Dallas, TX (PRWEB) January 22, 2015 ... the issue of experience and person-centeredness in the long-term ... moving towards action across the continuum. The paper, “The ... the Continuum,” engages perspectives and practices of the patient, ...
(Date:1/22/2015)... 20 years, Dr. David Cruz of Cruz Chiropractic Care ... about every type of injury that can result from car accidents ... years, the team at Doctors on Liens has been ... With the combined breadth of experience between the two, ...
(Date:1/22/2015)... A study recently published in ... Medicine & Science in Sports & Exercise shows ... reduce gastrointestinal (GI) problems associated with physical strain ... the double-blind, placebo-controlled study took 10 grams of ...
(Date:1/22/2015)... (PRWEB) January 22, 2015 IsoComforter, Inc. has ... machine with patented IsoTube design to treat specific body parts ... the most progressive and easy to use patented cold therapy ... and sports related orthopedic and muscle injuries. IsoComforter has ...
Breaking Medicine News(10 mins):Health News:AngelWeddingDress Has Recently Released Its Collection Of 2015 Maternity Wedding Dresses 2Health News:The Power of Person-Centeredness in Long-Term Care Explored by The Beryl Institute 2Health News:The Power of Person-Centeredness in Long-Term Care Explored by The Beryl Institute 3Health News:Industry Leading Chiropractor in Oceanside Joins the Doctors on Liens Network 2Health News:Study Shows Kyowa Hakko’s L-Citrulline May Help Reduce Gastrointestinal Injury During Strenuous Exercise 2Health News:Study Shows Kyowa Hakko’s L-Citrulline May Help Reduce Gastrointestinal Injury During Strenuous Exercise 3Health News:IsoComforter Introduces Best of Class Cold Therapy Product to the Worldwide Market 2
... New Director of Public Policy &,Advocacy, WASHINGTON, ... America (AAFA) has appointed Charlotte W. Collins, JD, ... AAFA, Collins was an,Associate Professor in the George ... teaching graduate courses in health law, policy,and management., ...
... kidney disease arent referred to kidney specialists in time ... a variety of reasons, according to researchers at Wake ... An analysis of 18 separate studies found that overall, ... and suffering from multiple health problems are patient characteristics ...
... Several individuals,and organizations were honored at the 89th ... today at the Hyatt Regency Princeton., NJHA,s ... F.,Lynn, former chief executive officer of AtlantiCare in ... his years of service and leadership to,AtlantiCare and ...
... Babies 2008 Official Shoes are Now On Sale, WHITE ... up with Famous Footwear(TM) and Dr. Scholl,s(R) to,introduce the 2008 ... consecutive year, Famous Footwear and Dr. Scholl,s are,raising funds for ... Scholl,s specially designed one men,s and two women,s athletic shoes ...
... is available in German . , Davos/Leipzig. ... Environmental Performance Index (EPI) can be useful for working ... environmental policy making. However, within the European Union there ... of the conclusions of a study conducted by the ...
... 29 Children,s Healthcare of Atlanta, one,of the ... investment in the future of pediatric research in ... of the Children,s,endowment toward pediatric research., "Annually, ... in pediatric research," said James E. Tally, Ph.D., ...
Cached Medicine News:Health News:Study identifies reasons patients referred late to nephrologists 2Health News:New Jersey Hospital Association Presents Awards for Commitment to Healthcare 2Health News:New Jersey Hospital Association Presents Awards for Commitment to Healthcare 3Health News:Famous Footwear, Dr. Scholl's Step Up to Support March for Babies 2008 2Health News:Lumping different countries together -- why the 2008 EPI is of limited use 2Health News:Lumping different countries together -- why the 2008 EPI is of limited use 3Health News:Children's Healthcare of Atlanta Announces Major Investment in Pediatric Research as Part of 10-Year Vision 2Health News:Children's Healthcare of Atlanta Announces Major Investment in Pediatric Research as Part of 10-Year Vision 3
... 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 ...
... 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 ...
... is a national reference laboratory and a ... development. ARUP offers an extensive test menu ... in clinical and anatomic pathology. Owned by ... include more than half of the nation's ...
Medicine Products: