Health Plan | Kaiser Foundation Hospitals And Health Plan Report Fiscal Year 2011 And Fourth Quarter Financial Results
OAKLAND, Calif., Feb. 10, 2012 /PRNewswire/ –Kaiser Foundation Hospitals, Kaiser Foundation Health Plan, Inc., and their subsidiaries (KFH/HP) reported currently that amalgamated complete working income for 2011 was $47.9 billion, compared to $44.2 billion in 2010. Operating income for 2011 was $1.6 billion, next to to 3.3 percent of working revenue, compared to $1.2 billion, next to to 2.7 percent of working revenue, in 2010. Net non-operating income was $426 million in 2011, compared to $789 million in 2010. As a result, net income for 2011 was $2.0 billion, conform to with that of the previous year.
Capital spending in the communities served by Kaiser Permanente for 2011 increased to $3.2 billion, compared to $2.9 billion in 2010. Spending on new illness caring services done KFH/HP a of the leading providers of building jobs in California. Major sanatorium building projects are underway in Anaheim, Fontana, Los Angeles, Oakland, Redwood City, and San Leandro.
Combined complete working income is to entertain finale Dec. 31, 2011, was $12.1 billion, compared to $11.1 billion in the same time in 2010. Operating income was $247 million in the fourth entertain of 2011, compared to $42 million in the same entertain of the previous year. Net non-operating income was $227 million in the fourth entertain of 2011, compared to a net non-operating income of $205 million in the same entertain of 2010. As a result, net income is to fourth entertain was $474 million, contra $247 million is to same time in 2010. Capital spending in the fourth entertain of 2011 was $1.0 billion, compared to scarcely $1.2 billion in the same entertain in 2010.
Total membership increased by roughly 249,000 members over the past year. As of Dec. 31, 2011, membership totaled more than 8.9 million members.
“Our year-end results are in line with our chronological financial opening and encouragement our stability investments in enhancing access, affordability and high-quality illness care,” mentioned Kathy Lancaster, arch financial executive and executive clamp president. “By strategically investing in our infrastructure, you have been able to erect services and use technology in ways that enable us to broach the correct care, in the correct place, at the correct time.”
“Kaiser Permanente’s assignment to give high-quality, affordable illness caring leads us to find new and innovative ways to broach complete health,” mentioned George Halvorson, chairperson and arch executive officer. “For 5 years, our members have had the capability to email their doctors from their home or laptop computers, and right away ” with the new chic phone connectivity collection ” our members can more simply examine lab results, refill prescriptions and talk with their doctors’ office from anyplace they are around their mobile device. Lab results can go directly from the laboratory to the patient’s chic phone ” frequently inside of hours of the tests being run. This is the future of illness care.”
In 2011, KFH/HP supposing roughly $1.8 billion, 3.8 percent of its working revenue, in encouragement to residents gain programs and services. KFH/HP persevere resources to upgrade the illness of our members and the communities you serve. Our residents gain investment supports a far-reaching operation of programs that give caring for low-income individuals, encouragement community-based illness partnerships, actions research, sight illness caring workers, and spread access to illness caring inside of the safety net.
E xcept for chronological data contained herein, the counts discussed in this media let go are forward-looking statements that engage risks and uncertainties. Actual results might deviate materially formed on a number of factors including, but not paltry to: the effect of aggressive products and pricing; supervision regulations; varying membership mandate and the change in business and mercantile conditions. Forward-looking statements are formed on data as of the date of this press release, and you pretence no responsibility to refurbish or revise any of these forward-looking statements, either as a outcome of new information, future events or otherwise.
About Kaiser Permanente
Kaiser Permanente is committed to assisting figure the future of illness care. We are established as a of America’s leading illness caring providers and not-for-profit illness plans. Founded in 1945, our assignment is to give high-quality, affordable illness caring services and to upgrade the illness of our members and the communities you serve. We offer roughly 8.9 million members in 9 states and the District of Columbia. Care for members and patients is focused on their complete illness and guided by their personal physicians, specialists and group of caregivers. Our consultant and caring medical teams are empowered and upheld by industry-leading technology advances and collection for illness promotion, disease prevention, state-of-the art caring smoothness and world-class incurable disease management. Kaiser Permanente is dedicated to caring innovations, clinical research, illness preparation and the encouragement of residents health. For more information, go to: www.kp.org/newscenter .
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