|mil $s||mil $s|
|Johns Hopkins Health System||Baltimore||MD||Jun 13||3,430||Jun 09||1,273||169%|
|University Maryland Medical System||Baltimore||MD||Jun 13||1,373||Jun 09||904||52%|
|MedStar Health||Columbia||MD||Mar 13||1,038||Jun 09||647||60%|
|Bon Secours Health System||Baltimore||MD||May 13||982||Aug 09||703||40%|
|LifeBridge Health||Baltimore||MD||Jun 13||607||Jun 09||406||50%|
|Total all 5||7,430||3,933||89%|
As you can see from the above chart, the Total Net Assets of these 5 Maryland Non-Profit Hospital Organizations increased by a very impressive 89% during the Obama Administration.
Johns Hopkins Health's Net Assets grew by $2.157 bil, or by 169%, in the most recent four years. Of this $2.157 bil increase in Net Assets, a huge $1.537 bil of it was due to the economic gain it received when it acquired All Children's Hospital, All Children's health System and Sibley Memorial Hospital, where the fair value of the assets received substantially exceeded the fair value of the liabilities assumed.
After excluding this huge $1.537 bil economic gain from these three acquisitions, Johns Hopkins Health generated $706 mil of Total Bottom Line Profits in the most recent four years, which was only 4.1% of its Total Revenues over the same time span.
So just like Boston, MA-based Partners HealthCare on the East Coast and Oakland, CA-based Kaiser Permanente on the West Coast, Johns Hopkins Health isn't being excessively greedy in what it charges hospital patients. And it also shows that it is being very efficient and effective in its health care delivery. This is precisely how you bend back the Total US Health Care Cost Curve.
Just think how much total US health care costs would be removed if all Non-Profit Hospital Organizations generated Bottom Line Profits which were only 4.1% of Total Revenues!
But it wasn't just Johns Hopkins Health. University Maryland Medical System generated Total Bottom Line Profits of $336 mil in the most recent four years, which was a very reasonable 3.7% of its Total Revenues. And MedStar Health generated Total Bottom Line Profits of $614 mil in the most recent four years, which was a very reasonable 3.9% of its Total Revenues.
Maryland citizens have a right to be proud not just of John Hopkins Health but of all of its Non-Profit Hospitals. And they are all Bending Back the long-term US Total Health Cost Curve.