|mil $s||mil $s|
|Ascension Health||Edmundson||MO||Jun 13||17,131||Jun 09||8,275||107%|
|BJC Healthcare||St Louis||MO||Jun 13||4,542||Dec 08||2,705||68%|
|Mercy Health||Chesterfield||MO||Mar 13||3,179||Jun 09||2,118||50%|
|SSM HealthCare||St Louis||MO||Jun 13||1,642||Dec 08||933||76%|
|St Luke's Health System||Kansas City||MO||Jun 13||1,033||Dec 08||703||47%|
|Children's Mercy Hospitals||Kansas City||MO||Mar 13||944||Jun 09||668||41%|
|CoxHealth||Springfield||MO||Jun 13||628||Sep 09||456||38%|
|North Kansas City Hospital||Kansas City||MO||Jun 13||549||Jun 09||452||21%|
|Saint Francis Medical Center||Cape Girardeau||MO||Jun 13||454||Jun 09||274||66%|
|Heartland Regional Medical Center||St Joseph||MO||Jun 13||420||Jun 09||214||96%|
|St Anthony's Medical Center||St Louis||MO||Dec12||371||Jun 09||344||8%|
|Total all 11||30,893||17,142||80%|
As you can see from the above chart, the Total Net Assets of these 11 Missouri Non-Profit Hospital Organizations increased by a very impressive 80% to $30.893 bil during the Obama Administration.
In its fiscal year ended (FYE) June 2009, the massive Ascension Health Alliance recorded a Total Non-Operating Investment Loss of $980 mil due to the financial meltdown in late 2008. This $980 mil Investment Loss resulted in a Total Bottom Line Loss of $710 mil in FYE June 2009.
However, in the four years since then, Ascension Health generated Total Non-Operating Investment Income of $2.464 bil. In addition, Ascension Health recorded economic gains related to the excess of the fair value of assets received over the fair value of liabilities assumed on business combinations totaling $2.348 bil in that same four years.
Exclusive of the above acquisition economic gains, Ascension Health generated Total Bottom Line Profits of a massive $4.572 bil in the most recent four years, which was a very high 7.5% of Total Revenues over the same time span. As a comparison, the Combined Bottom Line Profit Margin of the 30 prestigious Dow Industrial companies was 9.6%.
Ascension Health's Total Non-Operating Investment Income of $2.464 bil over the most recent four years comprises 54% of its Total Bottom Line Profits exclusive of the above economic acquisition gains.
For the four annual years (2009 through 2012), BJC Healthcare generated Total Non-Operating Investment Income of $1.224 bil, which comprised a huge 70% of the Total Bottom Line Profits of $1.744 bil over the same time span.
And for those same four years, BJC Healthcare's Total Bottom Line Profits of $1.744 bil were a huge 12.2% of its Total Revenues over the same time period. This 12.2% Profit Margin is higher than that of more than half of the pristine 30 Dow Industrial companies. CEOs of many private companies must be shaking their heads as to how a Non-Profit Hospital Organization can possibly generate a Bottom Line Profit Percentage over the long run that is higher than that of more than half of the very best For-Profit companies.
We have all of these so-called Deficit Hawks in the US Congress and they see nothing wrong with shutting down the US Government and also imposing these massive across-the-board sequester cost cuts, both for the sake of Deficit Reduction, and at the same time they also see nothing wrong with so many US Non-Profit Hospital Organization generating Bottom Line Profit Margins far in excess of the country's very best companies in the private sector. It clearly tells you why the US Congress as a whole now has an approval rating of only 5%.
Now I'll turn to two other Catholic Non-Profit Hospital Organizations.
For the most recent four years, Mercy Health generated Total Bottom Line Profits of $699 mil, which was a high 6.0% of its Total Revenues over the same time period.
And for the most recent 4.5 years, SSM Healthcare generated Total Bottom Line Profits of $843 mil, which was a high 6.1% of its Total Revenues over the same time period.
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.