Saturday, October 12, 2013

Mississippi Non-Profit Hospitals Net Assets Up 5% Under Obama and the Affordable Care Act

From a review of the Electronic Municipal Market Access (EMMA), I found two Non-Profit Hospital Organizations headquartered in the State of Mississippi with Net Assets at the most recent date reported of more than $400 mil each.  Below here are the Net Assets of these two at both the most recent reported date and also at the beginning of the Obama Administration: 

2008 2008 Obama

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

University Mississippi Medical Center Jackson MS Jun 12        688
Jun 09        630 9%
North Mississippi Health Services Tupelo MS Sep 12        675
Sep 09        670 1%

Total of both


     1,300 5%

The above 5% Net Asset Growth was over an average 3.00 year period.
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.