KAISER PERMANENTE: CFO Resigns Following 1997 Loss
Susan Porth, the chief financial officer of Kaiser Permanente, has resigned following the posting of the HMO's first-ever financial loss, Modern Healthcare reports. Kaiser Permanente lost $270 million in 1997. However, a spokesperson for Kaiser said the departure had been planned previously and was unrelated to the loss. The spokesperson said that Porth, who has been with the HMO since 1978, "is leaving to pursue other interests and spend time with her family" (Kertesz, 3/2 issue).This is part of the California Healthline Daily Edition, a summary of health policy coverage from major news organizations. Sign up for an email subscription.