|mil $s||mil $s|
|Virtua Health||Marlton||NJ||Jun 13||1,035||Dec 08||566||83%|
|AHS (Atlantic Health System) Hospital||Morristown||NJ||Jun 13||966||Dec 08||510||89%|
|Robert Wood Johnson Univ Hospital||New Brunswick||NJ||Jun 13||765||Dec 08||457||67%|
|Meridian Hospitals||Red Bank||NJ||Jun 13||757||Dec 08||339||123%|
|Hackensack University Medical Center||Hackensack||NJ||Jun 13||593||Dec 08||297||100%|
|Barnabus Health||West Orange||NJ||Jun 13||515||Dec 08||(290)||278%|
|AtlantiCare Regional Medical Center||Galloway||NJ||Jun 13||435||Dec 08||262||66%|
|Total all 7||5,066||2,141||137%|
As you can see from the above chart, the Total Net Assets of these 7 New Jersey Non-Profit Hospital Organizations increased by an exceptional 137% to $5.066 bil during the Obama Administration.
In the most recent 4.5 years, Virtua Health generated $276 mil of Total Non-Operating Investment Income, which comprised a huge 49% of its Total Bottom Line Profits (Excess of Revenues over Expenses) of $560 bil.
This Virtua Health's Total Bottom Line Profit of $560 mil was a high 11.8% of its Total Revenues over the same time span. This 11.8% Profit Margin exceeds that generated by more than half of the 30 Dow Industrials companies. Does that make any sense? I don't think so.
For the most recent 4.5 years, Robert Wood Johnson University Hospital generated Total Bottom Line Profits of a $285 mil, which were a high 8.5% of its Total Revenues over the same time period.
For the most recent 4.5 years, Meridian Hospitals generated Total Bottom Line Profits of $315 mil, which were 5.6% of its Total Revenues over the same time period.
And lastly, for the most recent 4.5 years, AHS Hospital generated Total Bottom Line Profits, exclusive of economic gains from business combinations, of $235 mil, which were a very reasonable 4.0% 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.