Oakland, Calif.-based Kaiser Foundation Hospitals, the Kaiser Foundation Health Plan and their subsidiaries reported a profit of $2 billion in the 2011 fiscal year, which was on par with 2010, according to a Kaiser news release.
However, Kaiser's net non-operating income — which represents dividends, investments and other non-operating sources — fell 46 percent from 2010 to 2011. Total net non-operating income was $426 million in FY 2011, compared with $789 million in 2010.
Total operating revenue in 2011 reached $47.9 billion, an increase of 8.3 percent from $44.2 billion in 2010.
For the fourth quarter ended Dec. 31, 2011, net income rose 92 percent, from $247 million in 2010 to $474 million in 2011. Total operating revenue in the fourth quarter also rose, from $11.1 billion in 2010 to $12.1 billion in 2011.
However, Kaiser's net non-operating income — which represents dividends, investments and other non-operating sources — fell 46 percent from 2010 to 2011. Total net non-operating income was $426 million in FY 2011, compared with $789 million in 2010.
Total operating revenue in 2011 reached $47.9 billion, an increase of 8.3 percent from $44.2 billion in 2010.
For the fourth quarter ended Dec. 31, 2011, net income rose 92 percent, from $247 million in 2010 to $474 million in 2011. Total operating revenue in the fourth quarter also rose, from $11.1 billion in 2010 to $12.1 billion in 2011.
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