|mil $s||mil $s|
|Partners Healthcare System||Boston||MA||Jun 13||5,859||Sep 09||4,975||18%|
|Children's Medical Center Boston||Boston||MA||Jun 13||3,277||Sep 09||2,516||30%|
|CareGroup Healthcare System||Boston||MA||Jun 13||1,453||Sep 09||978||49%|
|Dana-Farber Cancer Institute||Boston||MA||Jun 13||1,130||Sep 09||836||35%|
|Boston Medical Center||Boston||MA||Jun 13||1,031||Sep 09||1,026||0%|
|UMass Memorial HealthCare||Worchester||MA||Jun 13||675||Sep 09||545||24%|
|SouthCoast Health System||New Medford||MA||Jun 13||648||Sep 09||485||34%|
|Lahey Clinic Medical Center||Burlington||MA||Jun 13||593||Sep 09||357||66%|
|Baystate Medical Center||Springfield||MA||Jun 13||555||Sep 09||361||54%|
|Cape Cod Healthcare||Hyannis||MA||Jun 13||465||Sep 09||288||61%|
|Covenant Health Systems||Lexington||MA||Mar 13||406||Dec 08||242||68%|
|Total all 11||16,092||12,609||28%|
As you can see from the above chart, the Total Net Assets of these 11 Massachusetts Non-Profit Hospital Organizations increased by 28% for an average 3.80 years during the Obama Administration.
So a 28% growth in Net Assets is bad news.....right? Well, actually I think it's good news. It shows that these Massachusetts Non-Profit Hospital Organizations aren't being excessively greedy in what they charge hospital patients. And it also shows that these Massachusetts Non-Profit Hospitals are being very efficient and effective in their health care delivery. This is precisely how you bend down the Total US Health Care Cost Curve.
To illustrate the above points, the huge and very prestigious Partners HealthCare System generated Total Bottom Line Profit of $1.323 bil over the most recent 3.75 years, which was only 4.0% of Total Revenues over the same time span.
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 4.0% of Total Revenues!
But it wasn't just Partners HealthCare System. CareGroup Healthcare System generated Total Bottom Line Profits of $426 mil in the most recent 3.75 years, which was a reasonable 4.8% of its Total Revenues. And Dana-Farber Cancer Institute generated Total Bottom Line Profits of $78 mil in the most recent 3.75 years, which was a very reasonable 2.2% of its Total Revenues.
And lastly, I do find it interesting that Children's Medical Center Boston generated Total Bottom Line Profit of $680 mil over the most recent 3.75 years, which was 13.3% of its Total Revenues, precisely half of Children's HealthCare Atlanta's comparable 26.6%. But then I think both of these Profit Margin Percentages are much too high for a Non-Profit Hospital Organization.