Thursday, October 10, 2013

Hawaii Queens Health Non-Profit Hospital Net Assets Up 81% Under Obama and the Affordable Care Act

From a review of the Electronic Municipal Market Access (EMMA), I found only one Non-Profit Hospital Organization headquartered in the State of Hawaii with Net Assets at the most recent date reported of more than $400 mil.

Queens Health System's Net Assets have gone from $548 mil on June 30, 2009 to $993 mil at March 31, 2013, an increase of 81%.  Now that's what I call substantially increased Financial Strength during the Obama Administration.

Queens Health System generated Total Bottom Line Profits (Excess of Revenues over Expenses) of $484 mil in the most recent four years through June 2013, which was a very high 14.4% of its Total Revenues over the same time period.  This 14.4% Bottom Line Profit Margin is much higher than the 9.6% Combined Bottom Line Profit Margin of the 30 prestigious Dow Industrial companies.