Kaiser Hospitals' Net Income Soars 30% in 2012 to $2.6B
Kaiser Foundation Hospitals and the Kaiser Foundation Health Plan, based in Oakland, Calif., posted $2.6 billion in net income, a 30 percent boost from the $2 billion in net income from 2011.
Kaiser's non-operating income, which includes investments, more than doubled year-over-year — from $426 million in 2011 to $925 million in 2012. Kaiser's total operating revenue in 2012 increased 5.6 percent to $50.6 billion.
In the fourth quarter ended Dec. 31, 2012, Kaiser's net income increased 7.4 percent, from $474 million to $509 million. Total operating revenue also jumped from $12.1 billion to $12.7 billion.
As of Dec. 31, 2012, Kaiser had more than 9 million members enrolled in its health plan, more than three dozen hospitals, nearly 17,000 physicians and roughly 173,000 employees.
More Articles on Kaiser Permanente:
© Copyright ASC COMMUNICATIONS 2015. Interested in LINKING to or REPRINTING this content? View our policies by clicking here.
To receive the latest hospital and health system business and legal news and analysis from Becker's Hospital Review, sign-up for the free Becker's Hospital Review E-weekly by clicking here.
New From Becker's Hospital CFO