Kaiser Hospitals' Net Income Soars 30% in 2012 to $2.6B

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In fiscal year 2012, 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:

Kaiser Ranks First in California, Third Overall in Market Share
Kaiser Permanente Hawaii to Lay Off 47 Nurses
Kaiser Hospitals, Health Plan Post Major Gains in 3Q

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