January 26, 2015 7:34 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.

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
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 2014.

Kaiser Foundation Health Plan Inc. Key Developments

Kaiser Permanente Appoints David Hoffmeister and Leslie Stone Heisz to Boards of Directors of Kaiser Foundation Hospitals and Kaiser Foundation Health Plan, Inc

Kaiser Permanente appointed David Hoffmeister and Leslie Stone Heisz to the boards of directors of Kaiser Foundation Hospitals and Kaiser Foundation Health Plan, Inc. David Hoffmeister brings more than 30 years of senior-level expertise in finance and strategy focused on the areas of health care, life sciences, biotech and private equity to Kaiser Permanente. He joined the KFH/HP boards on November 1, 2014. Leslie Stone Heisz will join the KFH/HP boards of directors on January 1, 2015. She brings more than 20 years of senior-level investment banking experience, advising C-suite executives and boards of directors on complex financial matters.

Kaiser Foundation Hospitals and Kaiser Foundation Health Plan, Inc. Announces Combined Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

Kaiser Foundation Hospitals and Kaiser Foundation Health Plan Inc. announced combined earnings results for the third quarter and nine months ended September 30, 2014. The company reported total operating revenue of $14.3 billion for the quarter ending September 30, 2014, compared to $13.2 billion in the same period in 2013. Operating income was $766 million in the third quarter of 2014, compared to $518 million in the same quarter last year. Net non-operating income was $228 million in the third quarter of 2014, compared to net non-operating income of $241 million in the same quarter of 2013. As a result, net income for the third quarter was $997 million, versus $635 million in the same period of 2013. Capital spending in the third quarter of 2014 was $627 million, compared to $722 million in the same quarter in 2013. For the nine months that ended September 30, 2014, total operating revenue was $42.2 billion, compared to $39.6 billion for the same period in 2013. Year-to-date operating income was $2.2 billion, compared to $1.7 billion for the same period in 2013. Net non-operating income was $900 million in the first nine months of this year, compared to $604 million in the same period last year. Year-to-date net income was $3.1 billion, compared to $2.2 billion for the same period in 2013. Year-to-date capital spending was $2.1 billion, compared to $2.3 billion in the same period last year. KFH/HP's capital spending reflects continued investments in upgrading technology and facilities to continue to deliver high-quality care and service to members and build capacity for continued membership growth.

Kaiser Foundation Hospitals and Kaiser Foundation Health Plan, Inc. Appoint Richard Shannon as Boards of Director

Richard Shannon, MD, executive vice president for Health Affairs for the University of Virginia, has joined the boards of directors of Kaiser Foundation Hospitals and Kaiser Foundation Health Plan, Inc. Dr. Shannon comes to Kaiser Permanente with more than 30 years of experience in health care innovation and advocacy related to quality improvement and patient safety. He is responsible for aligning the key components of the University of Virginia Health System to achieve the goal of becoming a top-performing academic medical center.

Similar Private Companies By Industry

Company Name Region
Parkview Homecare Pharmacy United States
American Heartcare Limited United States
College Park Family Care Center Inc. United States
Seton Center Family & Health Services United States
Harlingen Medical Center, LP United States

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Bertelsmann AG Europe
Lawyers Committee for Civil Rights Under Law United States
NYC2012, Inc. United States
Rush University United States
Citizens Budget Commission United States

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact Kaiser Foundation Health Plan Inc., please visit www.kaiserpermanente.org. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.