KP Logo
Print this!  Bookmark and Share

Press Releases: Hawaii

November 15, 2011

Kaiser Foundation Health Plan, Inc. Hawaii Region Announces 2011 Third Quarter Earnings

HONOLULU — Kaiser Foundation Health Plan, Inc. Hawaii Region reported an operating loss of $1.9 million in the third quarter of 2011. By comparison, an operating income of $ 1.5 million was posted in the same period last year. Investment income of $1.1 million partially offset the operating loss resulting in a net loss of $ 0.8 million for the quarter, which represents a negative 0.3 percent return on revenue.

“We continue to focus on cost management in order to provide our customers and our members the greatest value for their health care dollar,” said Thomas Risse, vice president and chief financial officer. “With a quality product that is competitively priced for the marketplace, we are optimistic about growth and will continue to provide high-quality, affordable care for members who choose Kaiser Permanente.”

Kaiser Permanente Hawaii serves just over 227,000 members.

“Our focus on delivering patient-centered quality care continues to be recognized,” said Susan Murray, vice president of Quality, Safety and Service, Kaiser Permanente Hawaii.

Recent quality recognition includes:


Kaiser Foundation Health Plan, Inc. Hawaii Region

 

Quarter Ending
Sept. 2010
(millions)

Quarter Ending
Sept. 2011
(millions)

12 Months Ending
Sept. 2010
(millions)

12 Months Ending
Sept. 2011
(millions)

Operating Revenue

242.6

267.7

715.9

795.3

Operating Expenses

241.1

269.6

722.9

794.2

Operating Income (loss)

1.5

-1.9

-7.0

1.1

Net Investment Income

1.5

1.1

4.2

3.7

Net Income (loss)

3.0

-0.8

-2.8

4.8

% of Revenue

1.2%

-0.3%

-0.4%

0.6%

 

*According to NCQA’s Health Insurance Plan Rankings 2010–11 for private plans. NCQA is a private, non-profit organization dedicated to improving health care quality.

**Plan performance summary Star Ratings are assessed each year and may change from one year to the next. Centers for Medicare & Medicaid Services Health Plan Management System, Plan Rating 2012.


About Kaiser Permanente Hawaii
Kaiser Permanente Hawaii has provided coordinated health care to the people of Hawaii for more than 50 years. Care for members is focused on their total health being guided by their personal physicians, specialists, and team of caregivers. Expert care and medical teams are supported by industry-leading technology advances and tools for health promotion, disease prevention, state-of-the-art care delivery, and world-class chronic disease management. Its physicians are members of the Hawaii Permanente Medical Group, the largest multi-specialty physician group practice in the state of Hawaii. Kaiser Permanente is dedicated to care innovations, clinical research, health education, and the support of community health.Visit kp.org for additional information.