Saturday, October 5, 2013

Non-Profit Hospitals With December Year Ends Net Assets Up 78% under Obama and Obamacare

In an earlier post, from a quick review of the Electronic Municipal Market Access (EMMA), I found 82 US Non-Profit Hospital Organizations with December Fiscal Year Ends (FYEs) which have also filed their financial statements for the June 2013 interim period and which had Net Assets at June 30, 2013 above $400 mil each.

In this post, I am updating this earlier study by performing a bit more thorough review of EMMA, and I found 10 additional US Non-Profit Hospital Organizations.

Below here are the 92 Non-Profit Hospital Organizations I found with December fiscal year ends and with current (June 30, 2013) Net Asset positions of more than $400 mil each:





Obama



Bump



4 1/2



Years
State 6-30-13 12-31-08 %
Hospital Organization HQs Net Assets Net Assets Change


mil $s mil $s





Kaiser Permanente CA      15,747      11,431 38%
Sutter Health CA        7,485        4,298 74%
Providence Health WA        6,757        3,911 73%
Adventist Health System FL        5,990        3,407 76%
Cleveland Clinic Health System OH        5,392        2,715 99%
Mayo Clinic MN        5,107        2,326 120%
Advocate HealthCare Network IL        4,662        1,842 153%
BJC Healthcare MO        4,542        2,705 68%
Memorial Sloan-Kettering Cancer Center NY        4,427        3,224 37%
The Methodist Hospital System TX        4,122        2,375 74%
IHC Health Services UT        4,101        1,582 159%
New York and Presbyterian Hospital NY        4,082        2,333 75%
Banner Health AZ        3,950        1,669 137%
Carolinas Health Care System NC        3,797        2,340 62%
Inova Health System VA        3,766        1,885 100%
Indiana University Health IN        3,763        1,434 162%
Catholic Health East PA        3,631        1,978 84%
Texas Health Resources TX        3,437        1,921 79%
BayCare Health System FL        2,980        1,523 96%
Sentara HealthCare VA        2,966        1,489 99%
Children's HealthCare Atlanta GA        2,867        1,482 93%
Catholic Health Partners OH        2,636        1,614 63%
North Shore Long Island Jewish Health NY        2,545           614 314%
Novant Health NC        2,297        1,557 48%
SCL Health Systems CO        2,156        2,263 -5%
UnityPoint Health IA        2,071        1,067 94%
Franciscan Alliance IN        2,068        1,463 41%
HealthPartners MN        1,949           503 287%
Allina Health System MN        1,804           804 124%
SSM HealthCare MO        1,642           933 76%
Nationwide Children's Hosital OH        1,572           761 107%
Adventist Health West CA        1,559           969 61%
Presbyterian Health Care Services NM        1,529           706 117%
Children's Medical Center of Dallas TX        1,507           821 84%
ProMedica Health Care OH        1,485        1,042 43%
MultiCare Health System WA        1,475           650 127%
University Hospitals Health System OH        1,454        1,078 35%
Henry Ford Health System MI        1,418        1,053 35%
Fairview Health Services MN        1,384           732 89%
John Muir Health CA        1,328           756 76%
St Luke's Episcopal Health System TX        1,241           692 79%
Children's Hospital Colorado Health System CO        1,188           678 75%
Mount Sinai Hospital NY        1,133           477 138%
Cottage Health System CA        1,070           675 59%
Virtua Health NJ        1,035           566 83%
St Luke's Health System MO        1,033           703 47%
Aurora Health Care WI        1,029           546 88%
West Virginia United Health System WV        1,002           608 65%
Catholic Health Services Long Island NY           971           561 73%
Methodist Le Bonheur Healthcare TN           969           451 115%
Beaumont Health System MI           968           787 23%
AHS Hospital NJ           966           510 89%
Children's Hospital and Health System WI           954           460 107%
Parkview Health System IN           934           543 72%
Beacon Health System IN           931           341 173%
Covenant Health TN           913           614 49%
Community Health Network IN           869           482 80%
Sibley Memorial Hospital DC           846           513 65%
Evangelican Lutheran Good Samaritan SD           809           618 31%
St George IL           803           491 64%
Children's Hospital Alabama AL           795           418 90%
Norton Health Care KY           784           399 96%
Montefiore Medical Center NY           765           320 139%
Robert Wood Johnson University Hospital NJ           765           457 67%
Meridian Hospitals NJ           757           339 123%
MedAmerica Health Systems OH           756           585 29%
Gundersen Lutheran WI           729           429 70%
Kettering Health Network OH           699           340 106%
Huntington Memorial Hospital Pasadena CA           670           446 50%
Virginia Hospital Center Arlington VA           651           351 85%
Loma Linda University Medical Center CA           646           415 56%
Valley Health System VA           640           434 47%
Saint Elizabeth Medical Center KY           628           265 137%
Sparrow Health System MI           623           318 96%
Children's Hospitals and Clinics Minnesota MN           620           370 68%
Summa Health System OH           618           407 52%
Hackensack University Medical Center NJ           593           297 100%
Park Nicollet Health Services MN           538           299 80%
Barnabus Health NJ           515          (290) 278%
Community Hospital Foundation CA           513           341 50%
Bronson Healthcare Group MI           509           226 125%
Hospital for Special Surgery NY           509           269 89%
Oschner Health System LA           491           321 53%
CAMC Health System WV           462           211 119%
Torrance Memorial Medical Center CA           458           302 52%
AtlantiCare Regional Medical Center NJ           435           262 66%
Nebraska Methodist Health System NE           435           300 45%
Children's Hospital Med Center Akron OH           435           247 76%
Centra Health VA           434           233 86%
Denver Health & Hospital Authority SD           419           406 3%
Albany Medical Center NY           414           113 266%
Oakwood Healthcare MI           413           234 76%





Total all 92
   175,833      98,636 78%


Yeah, that's a massive 78% increase in financial strength for these 92 Non-Profit Hospital Organizations in the first 4 1/2 years of the Obama Administration.

These Non-profit hospitals have operated on all cylinders financially during the Obama Administration, consistently growing their Net Asset positions.  

It is pretty clear to me that these 92 large Non-profit hospital organizations have the exceptional financial strength to make the ACA work very effectively.

And below here are 12 additional Non-Profit Hospital Organizations with December FYEs but which didn't report a June 30, 2013 Net Asset Amount:



Most



Most Recent



Recent Balance



Balance Sheet 12-31-08
State Sheet Net Net %
Hospital Organization HQs Date Assets Assets Increase



mil $s mil $s






Premier Health Partners OH Dec12        1,409     1,111 27%
Icahn School Medicine Mount Sinai NY Dec 12        1,040        765 36%
Nemours Foundation FL Dec 12           956        744 28%
University Health (San Antonio) TX Dec12           913        612 49%
Riverside Healthcare VA Sep 11           681        575 18%
Baptist Health AR Dec12           665        449 48%
Marion County Hospital Corp IN Dec 12           586        446 31%
University Health (Richmond County) GA Dec 12           481        317 52%
Miami Children's Hospital FL Mar 13           464        236 97%
Southwest Washington Medical Ctr WA Dec12           423        257 65%
Memorial Health System CO Sep 12           410        367 12%
Covenant Health Systems MA Mar 13           406        242 68%






Total all 12

       8,434