Net Income at Kaiser Foundation Hospitals Stays Steady in 2011

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.

Related Articles on Kaiser Foundation Hospitals:

Kaiser Foundation Hospitals Loses $45M in 3Q Due to Market Declines

110 Hospital and Health System CFOs to Know

12 California Hospitals Fined by Department of Public Health for Patient Safety Violations

Copyright © 2024 Becker's Healthcare. All Rights Reserved. Privacy Policy. Cookie Policy. Linking and Reprinting Policy.

 

Featured Whitepapers

Featured Webinars