Finance

Kaiser records strong first quarter financial results

Published in Managed Care Business Week, June 1st, 2004

In the first quarter of 2004, Kaiser Foundation Health Plan, Inc., Kaiser Foundation Hospitals, and their subsidiaries (KFHP/H) continued its strong financial performance.

"Kaiser Permanente's sound financial performance and prudent spending enables us to continue to provide convenient, quality, and affordable healthcare to our members," said KFHP/H Chairman and CEO George Halvorson.

"Being a not-for-profit organization is not about making or losing money; it's about how that money is put back to work," Halvorson said. "As a not-for-profit our operating income is reinvested in serving the health needs of our patients, members, and...

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Source: Managed Care Business Week (2004-06-01)

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