Kaiser Permanente’s Net Income Up 64%

Net income for Kaiser Permanente’s second quarter ending June 30, 2011, was $663 million, indicating a 64 percent increase from net income of $404 million in the same period last year, according to a health system release.

Advertisement

Kaiser Permanente’s quarterly financial report includes combined operating results for Kaiser Foundation Hospitals, Kaiser Foundation Health Plan, Inc., and their respective subsidiaries.

The non-profit organizations also reported a combined operating revenue of $11.9 billion for this quarter, compared to $11.0 billion in 2Q 2010, and operating income of $390 million this quarter, compared to $313 million in 2Q 2010. Additionally, net non-operating income for the quarter was $273 million, compared to $91 million in the same quarter last year.

Read the health system release about Kaiser Permanente’s financial results.

Related Articles on Kaiser Permanente:

Kaiser Permanente CEO Predicts Success for Private ACOs
Kerry Kohnen Named CEO of Kaiser Permanente Georgia
California’s Kaiser Permanente Hires Hundreds of Physicians for East Coast Clinics

Advertisement

Next Up in Leadership & Management

Advertisement

Comments are closed.