From a review of the Electronic Municipal Market Access (EMMA), I found
only one Non-Profit Hospital Organization headquartered in the State of
New Mexico with Net Assets at the most recent date reported of more than
$400 mil.
Albuquerque-based Presbyterian Health Care Services' Net Assets have increased from $706 mil on December 31, 2009 to $1.529 bil at June 30, 2013, up a superb 117%. For the most recent 4.5 years, it generated Total
Bottom Line Profits of $845 mil, which was a very high
10.6% of its Total Revenues over the same time period. This 10.6%
Bottom Line Profit Margin exceeded the 9.6% Combined
Bottom Line Profit Margin of the 30 prestigious Dow Industrial
companies.
Very positively impacting this major increase in the Net Assets
(Financial Strength) of this hospital 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.
