Kaiser Foundation Hospitals and Health Plan last week reported a combined total operating revenue of $11.1 billion for the third quarter of 2010, compared to $10.5 billion in the same period in 2009.
The financial data represent the combined operating results for Kaiser Foundation Hospitals, Kaiser Foundation Health Plan, and their respective subsidiaries.
Kaiser's operating income was $366 million in the third quarter of 2010, compared to $336 million in the same quarter last year. The organization's net non-operating income was $268 million in the third quarter of 2010, compared to $233 million in the same quarter last year.
As a result, Kaiser's net income for the third quarter was $634 million versus net income of $569 million in the same period last year. Year-to-date net income was approximately $1.7 billion, compared to $1.6 billion for the same period in 2009.
Capital spending in the third quarter of 2010 was $672 million, versus $582 million in the same quarter of last year. Capital spending for the first nine months of 2010 was approximately $1.7 billion, which the organization said was consistent with the same period last year.
Total operating revenue for Kaiser Hospitals and Health Plan in the third quarter was $33.1 billion, compared to $31.6 billion for the same period in 2009. Year-to-date operating income was $1.2 billion, compared to $1.4 billion for the same period in 2009. Net non-operating income was $584 million in the first nine months of the year, compared to $248 million in the same period last year.
Kathy Lancaster, Kaiser's executive vice president and chief financial officer, said Kaiser Permanente membership has grown by approximately 59,000 members since Dec. 31, 2009, totaling 8.6 million members as of Sept. 30, 2010.