| 2008 | 2008 | Obama | ||||||
| Most | or | or | ACA | |||||
| Most | Recent | 2009 | 2009 | and | ||||
| Recent | Balance | FYE | Balance | US Fed | ||||
| Balance | Sheet | Balance | Sheet | Bump | ||||
| City | State | Sheet | Net | Sheet | Net | % | ||
| Hospital Organization | HQs | HQs | Date | Assets | Date | Assets | Change | |
| mil $s | mil $s | |||||||
| Mayo Clinic | Rochester | MN | Jun 13 | 5,107 | Dec 08 | 2,326 | 120% | |
| HealthPartners | Bloomington | MN | Jun 13 | 1,949 | Dec 08 | 503 | 287% | |
| Allina Health System | Minneapolis | MN | Jun 13 | 1,804 | Dec 08 | 804 | 124% | |
| Fairview Health Services | Minneapolis | MN | Jun 13 | 1,384 | Dec 08 | 732 | 89% | |
| Essentia Health | Minneapolis | MN | Jun 13 | 801 | Jun 09 | 519 | 54% | |
| Centracare Health System | St Cloud | MN | Jun 13 | 694 | Jun 09 | 381 | 82% | |
| Children's Hospitals and Clinics | Minneapolis | MN | Jun 13 | 620 | Dec 08 | 370 | 68% | |
| Park Nicollet Health Services | St Louis Park | MN | Jun 13 | 538 | Dec 08 | 299 | 80% | |
| Total all 8 | 12,897 | 5,934 | 117% |
As you can see from the above chart, the Total Net Assets of these 8 Minnesota Non-Profit Hospital Organizations increased by an exceptional 117% to $12.897 bil during the Obama Administration.
In its annual year December 2008, the highly prestigious Rochester-based Mayo Clinic recorded a Total Non-Operating Investment Loss of $745 mil due to the financial meltdown in late 2008. This $745 mil Investment Loss resulted in a Bottom Line Loss of $677 mil in 2008.
However, in the 4.5 years since then, Mayo Clinic generated Total Non-Operating Investment Income of $1.004 bil, which was 30% of its Total Bottom Line Profit over the same 4.5 year period. And over this 4.5 year period, Mayo Clinic generated a Total Bottom Line Profit Margin of a high 9.1% of its Total Revenues over the same period.
Bloomington-based HealthPartners had its Bottom Line Profit increase by more than $500 mil for the economic gain related to its acquisition of Park Nicollet Health System on January 1, 2013. It also recorded an economic gain of $119 mil related to another acquisition in 2011.
Exclusive of the above acquisition economic gains, Health Partners generated Total Bottom Line Profits of $761 mil in the most recent 4.5 years, which was a seemingly fair 4.4% of Total Revenues over the same time span.
Minneapolis-based Allina Health System generated Total Bottom Line Profits of $915 mil in the most recent 4.5 years, which was 6.5% of Total Revenues over the same time span.
And lastly, Fairview Health Services generated Total Bottom Line Profits of $594 mil in the most recent 4.5 years, which was a seemingly fair 4.5% of 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.
