Kaiser Foundation Hospitals, Kaiser Foundation Health Plan and their respective subsidiaries saw their first quarter operating surplus nearly double as membership increases and normal seasonal revenue patterns contributed to stronger financial performance for the first three months of 2014.
The Oakland, Calif.-based not-for-profit healthcare system and health plans realized $822 million in operating surplus on $13.9 billion in revenue. That represents a 49% operating surplus improvement compared with $551 million in operating surplus on $13.1 billion in revenue reported in the year-ago period.