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Article: Kaiser rejoins ranks of profitable HMOs and hospital chains; income hits $584 million.(Kaiser Foundation Health Plan Inc.)(Brief Article)(Statistical Data Included)
- Article from:
- Healthcare Strategic Management
- Article date:
- April 1, 2001
CopyrightCOPYRIGHT 2001 HCPro, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Kaiser Foundation Health Plan Inc., Kaiser Foundation Hospitals (KFHP/H), Oakland, Calif., and their subsidiaries reported net income of $584 million and operating income of $562 million on revenues of $17.7 billion for the year ended December 31, 2000. In 1999 KFHP/H incurred a net loss of $6 million and an operating loss of $125 million on revenues of $16.8 billion. Membership as of December 31, 2000 was 8.1 million, which reflects growth of 133,000 members in continuing regions.
"We now have the solid footing from which to build on our financial progress, and we achieved this without losing sight of quality and safety" said Dale Crandall, president, KFHP/H. ...