Kaiser's operating income grows to $760M in Q2

Oakland, Calif.-based Kaiser Foundation Health Plan and Kaiser Foundation Hospitals reported combined operating revenue of $15.3 billion for the second quarter of fiscal year 2015, up from operating revenue of $14 billion in the same period of last year.

Kaiser reported operating income of $760 million for the three-month period that ended June 30, up from $652 million for the same period a year ago.

Kaiser Permanente membership has grown by approximately 524,000 members since Dec. 31, 2014, totaling approximately 10.1 million members as of June 30.

Kaiser ended the second quarter of FY 2015 with net income of $1 billion, which was the same amount the system reported for the second quarter of last year. Kaiser's year-to-date net income was $2 billion as of June 30, down slightly from $2.1 billion for the same period of 2014.

"Our year-to-date performance keeps us on track to meet our financial goals, including management of our costs," said Kathy Lancaster, executive vice president and CFO of Kaiser. "This allows us to provide high-quality healthcare at affordable prices, helping our members and communities achieve total health."

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