Kaiser attributed the net loss to financial market declines that affected the hospitals’ and health plans’ investment portfolio.
Total operating revenues were actually up for KFH and its health plans. For the quarter ending Sept. 30, 2011, total operating revenue was $11.9 billion, up 7 percent from the third quarter in 2010.
For the nine months ending Sept. 30, 2011, net income was approximately $1.5 billion, down from the $1.7 billion for the first nine months of 2010. Total operating revenue for the first nine months of 2011 was $35.8 billion compared to $33.1 billion for the same period in 2010.
Related Articles on Kaiser Hospitals:
Kaiser Permanente Opens Ontario Medical Center in California
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Kaiser Permanente’s Net Income Up 64%
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