Kaiser Permanente Reports Decline in Q2 Net Income
Last week, Kaiser Permanente reported that its not-for-profit hospitals and health plan units had operating revenue of $11 billion for the second quarter of 2010, up from $10.5 billion in Q2 2009. However, the health system also reported a net income of $404 million in Q2 2010, down from $620 million in Q2 2009. Kaiser did not provide an immediate explanation for the drop in net income.
- "Kaiser Permanente Posts $1.1B in First Half Profits, But Sees Q2 Income Sink" (Rauber, San Francisco Business Times, 8/6).