|mil $s||mil $s|
|Trinity Health||Livonia||MI||Jun 13||5,803||Jun 09||4,030||44%|
|Spectrum Health System||Grand Rapids||MI||Jun 13||1,899||Jun 09||1,128||68%|
|University Michigan Hospitals & Health||Ann Arbor||MI||Jun 12||1,635||Jun 09||1,537||6%|
|Henry Ford Health System||Detroit||MI||Jun 13||1,418||Dec 08||1,053||35%|
|McLaren Health Care||Flint||MI||Jun 13||995||Sep 09||682||46%|
|Beaumont Health System||Royal Oak||MI||Jun 13||968||Dec 08||787||23%|
|MidMichigan Health||Midland||MI||Jun 13||627||Jun 09||414||51%|
|Sparrow Health System||Lansing||MI||Jun 13||623||Dec 08||318||96%|
|Bronson Healthcare Group||Kalamazoo||MI||Jun 13||509||Dec 08||226||125%|
|Lakeland Hospitals||St Joseph||MI||Jun 13||486||Sep 09||353||38%|
|Munson Healthcare||Traverse City||MI||Jun 13||444||Jun 09||264||68%|
|Oakwood Healthcare||Dearborn||MI||Jun 13||413||Dec 08||234||76%|
|Total all 12||15,820||11,026||43%|
As you can see from the above chart, the Total Net Assets of these 12 Michigan Non-Profit Hospital Organizations increased by a robust 43% to $15.820 bil during the Obama Administration.
In its Fiscal Year Ended (FYE) June 2009, Livonia-based Trinity Health recorded a Total Non-Operating Investment Loss of $640 mil due to the financial meltdown in late 2008. This $640 mil Investment Loss resulted in a Bottom Line Loss of $489 mil in FYE June 2009.
However, in the four fiscal years since then, Trinity Health generated Total Non-Operating Investment Income of $1.119 bil, which was a huge 52% of its Total Bottom Line Profit over the same three year period. And over this four year period, Trinity Health generated a Total Bottom Line Profit Margin of 6.9% of its Total Revenues.
Grand Rapids, MI-based Spectrum Health generated Total Bottom Line Profit of $733 mil in the most recent four years, which was a seemingly fair 5.1% of its Total Revenues over the same time span.
Ann Arbor-based University Michigan Hospitals & Health generated Total Bottom Line Profit of $406 mil in the three years ended June 2012, which was 6.7% of its Total Revenues over the same time span.
McLaren Health Care generated Total Bottom Line Profit of $476 mil in the most recent 3.75 years, which was 6.0% of its Total Revenues over the same time span.
And lastly, Detroit-based Henry Ford Health System generated Total Bottom Line Profit of $204 mil in the most recent 4.5 years, which was a very modest 1.1% of its Total Revenues over the same time span.
Very positively impacting this major increase in the Net Assets (Financial Strength) of all 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.