|mil $s||mil $s|
|Children's HealthCare Atlanta||Atlanta||GA||Jun 13||2,867||Dec 08||1,482||93%|
|Wellstar Health System||Marietta||GA||Mar 13||1,111||Jun 09||715||55%|
|Piedmont Health Care||Atlanta||GA||Jun 13||961||Jun 09||608||58%|
|Central Georgia Health System||Macon||GA||Sep 12||920||Sep 09||789||17%|
|Phoebe Putney Health System||Albany||GA||Jul 13||664||Jul 09||481||38%|
|Northeast Georgia Health System||Gainesville||GA||Jun 13||543||Sep 09||307||77%|
|University Health||Augusta||GA||Dec 12||481||Dec 08||317||52%|
|Archbold Medical Center||Thomasville||GA||Jun 13||465||Sep 09||364||28%|
|Gwinnett Hospital System||Duluth||GA||Jun 13||434||Jun 09||327||33%|
|Hamilton Health Care System||Dalton||GA||Jun 13||404||Sep 11||335||21%|
|Total all 10||8,850||5,725||55%|
As you can see from the above chart, the Total Net Assets of these 10 Georgia Non-Profit Hospital Organizations increased by a very robust 55% to $8.850 bil during the Obama Administration.
I think reviewing what has happened with Children's HealthCare Atlanta during the Obama Administration is very helpful since similar things have been going on all throughout the Non-Profit Hospital sector.
Children's HealthCare Atlanta generated a $478 mil Bottom Line Loss in annual 2008, mainly due to a $452 mil Investment Loss caused by the late 2008 financial meltdown.
So what has happened since? Well, for the 4.5 years since, from the beginning of 2009 to June 30, 2013, Children's HealthCare Atlanta generated a Total Bottom Line Profit of $1.240 bil, an off-the-charts 26.6% of its Total Revenues. Its Total Investment Income over that 4.5 years was $686 mil, a monstrous 55% of its Total Bottom Line Profits. These spectacular Investment Returns were due to low interest rates and an extremely robust stock market.
Wellstar Health System generated Total Bottom Line Profits (Excess of Revenues over Expenses) of $506 mil in the 3.75 years through March 2013, which was a very high 9.5% of its Total Revenues over the same time period. This 9.5% Bottom Line Profit Margin is just slightly lower than the 9.6% Combined Bottom Line Profit Margin of the 30 prestigious Dow Industrial companies. Does this make any sense? Absolutely none.
Piedmont Health generated Total Bottom Line Profits of $375 mil in the most recent four years, which was a high 6.9% of its Total Revenues over the same time period.
Very positively impacting this major increase in the Net Assets (Financial Strength) of these hospitals were actions taken by both the Obama Administration and the US Fed to strengthen the US Financial Foundation which was severely damaged from the financial meltdown in late 2008.
In addition, the Affordable Care Act (ACA) has also played a key role in this increase in Net Assets (Financial Strength) of these Non-Profit Hospital Organizations.
A remarkable thing is that these robust increases in Net Assets of these Non-Profit Hospital Organizations occurred when these Non-Profit Hospitals were also able to substantially bend down the Total US Health Care Cost Curve in each of the most recent three years.
With future Non-Profit Hospital Organizations' Hospital Operating Income being bolstered by both many of the Uninsured getting insurance and by the many of the Underinsured getting much better insurance, both under the ACA, future Net Asset growth of these Non-Profit Hospital Organizations should be very robust. And for States electing to expand Medicaid, this future Net Asset growth will be exceptionally robust.