September 25, 2016 7:13 AM ET

Healthcare Providers and Services

Company Overview of Kaiser Foundation Health Plan Inc.

Company Overview

Kaiser Foundation Health Plan Inc., an entity of Kaiser Permanente, is a nonprofit public-benefit corporation that contracts with individuals and groups to arrange comprehensive medical and hospital services. The company contracts with Kaiser Foundation Hospitals and medical groups to provide these services. It serves members in California, Colorado, Georgia, Hawaii, Maryland, Ohio, Oregon, Virginia, Washington, and District of Columbia. Kaiser Foundation Health Plan Inc. was founded in 1945 and is headquartered in Oakland, California. Kaiser Foundation Health Plan Inc. operates as a subsidiary of Kaiser Permanente Inc.

1 Kaiser Plaza

Oakland, CA 94612-3610

United States

Founded in 1955

Phone:

510-271-5800

Fax:

510-271-6493

Key Executives for Kaiser Foundation Health Plan Inc.

Chairman and Chief Executive Officer
Age: 57
Executive Vice President and Chief Financial Officer
President of Southern California Region
President of Hawaii Region
President of Northern California Region
Compensation as of Fiscal Year 2016.

Kaiser Foundation Health Plan Inc. Key Developments

Kaiser Foundation Health Plan Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2016

Kaiser Foundation Health Plan Inc. reported earnings results for the second quarter and six months ended June 30, 2016. Total operating revenue was $15.8 billion for the quarter ending June 30, 2016, compared to $15.3 billion in the same period in 2015. Operating income was $491 million in the second quarter of 2016, compared to $760 million in the same quarter last year. As a result, net income for the second quarter was $707 million, versus $1.0 billion in the same period of 2015. For the six months ending June 30, 2016, total operating revenue was $32.1 billion, compared to $30.3 billion for the same period in 2015. Operating income for the first half of the year was $1.2 billion, compared to $1.5 billion for the same period in 2015. Year-to-date net income was $1.2 billion, compared to $2.1 billion for the same period in 2015. Year-to-date capital spending was $1.28 billion through the second quarter of 2016, compared to $1.3 billion in the same period last year.

Kaiser Foundation Health Plan, Inc. Announces Earnings Results for the First Quarter Ended March 31, 2016

Kaiser Foundation Health Plan Inc. announced earnings results for the first quarter ended March 31, 2016. For the quarter, the company total operating revenue of $16.3 billion compared to $15.0 billion in the same period in 2015. Operating income was $701 million compared to $741 million in the same quarter last year. Net income was $504 million versus $1.0 billion in the same period of 2015. Capital spending was $669 million compared to $740 million in the same quarter in 2015.

Gregory A. Adams to Lead All Kaiser Permanente Regions as EVP and Group President of Kaiser Foundation Hospitals and Health Plan, Inc

Gregory A. Adams, executive vice president, has been appointed group president to lead all Kaiser Permanente regions of Kaiser Foundation Hospitals and Health Plan Inc. In this role, Adams will have responsibility for driving greater alignment and consistency across Kaiser Permanente's seven regions. All current regional presidents will now report to Adams. Adams reports directly to Chairman and CEO Bernard J. Tyson. In July 2013, Adams was appointed executive vice president. In addition to his regional president and group president responsibilities, he serves on the organization's National Executive Team and Executive Committee.

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