By Staff Reports
(Victor Valley)– Kaiser Permanente’s mission is to provide high-quality, affordable health care services and to improve the health of our members and the communities we serve. As not-for-profit organizations, Kaiser Foundation Health Plan, Inc. and Kaiser Foundation Hospitals (KFHP/H) devote resources to advancing our mission through investments in integrated care delivery, and in programs that improve member and community health.
Third Quarter 2018
For the third quarter ending September 30, 2018, KFHP/H reported combined operating revenues of $19.9 billion. Operating income was $636 million, and net non-operating income was $248 million, resulting in net income of $884 million for the third quarter.
Kaiser Permanente’s membership remained stable, totaling 12.2 million as of September 30, 2018.
Capital spending of $760 million in the third quarter reflects ongoing investments in upgrading and opening new facilities, as well as in technology.
In the third quarter, KFHP/H opened two new facilities in California, a behavioral health clinic in Sacramento and a hearing center in San Rafael that replaces an older facility in the area. These additions bring our total number of medical offices nationwide to 690, along with 39 hospitals.
Concurrent with new facility openings, we are also undertaking extensive redesigns and remodels of many of our existing campuses to further improve member experience.
Supporting a Sustainable Future
Consistent with our not-for-profit mission, we continue to devote significant resources to improve the health of our communities. We understand that one of the most effective ways to protect the health of the more than 68 million people in the communities we serve is by contributing to healthy environmental conditions. In the third quarter, we finalized an agreementfor a major renewable energy purchase, enabling Kaiser Permanente to achieve its goal of being carbon neutral in 2020.
For more information, contact: Vincent Staupe:510-267-7364, Vincent.P.Staupe@kp.org