|mil $s||mil $s|
|Carolinas Health Care System||Charlotte||NC||Jun 13||3,797||Dec 08||2,340||62%|
|Duke University Health System||Durham||NC||Jun 13||2,586||Jun 09||1,392||86%|
|Novant Health||Winston-Salem||NC||Jun 13||2,297||Dec 08||1,557||48%|
|Cone Health||Greensboro||NC||Jun 13||1,272||Sep 09||894||42%|
|University North Carolina Hospitals||Chapel Hill||NC||Jun 13||1,241||Jun 09||911||36%|
|Mission Health System||Asheville||NC||Jun 13||1,224||Sep 09||882||39%|
|North Carolina Baptist Hospital||Winston-Salem||NC||Jun 13||1,027||Jun 09||715||44%|
|Vidant Health||Greenville||NC||Jun 13||931||Sep 09||587||59%|
|WakeMed Health||Raleigh||NC||Jun 13||890||Sep 09||719||24%|
|Wake Forest Univ Health Sciences||Winston-Salem||NC||Jun 13||656||Jun 09||510||29%|
|CaroMont Health||Gastonia||NC||Mar 13||621||Jun 09||386||61%|
|First Health of the Carolinas||Pinehurst||NC||Jun 13||616||Sep 09||458||34%|
|New Hanover||Wilmington||NC||Jun 13||579||Sep 09||450||29%|
|Rex Healthcare||Raleigh||NC||Jun 13||478||Jun 09||297||61%|
|Cape Fear Valley Health System||Fayetteville||NC||Jun 13||408||Sep 09||315||30%|
|Total all 15||18,623||12,413||50%|
As you can see from the above chart, the Total Net Assets of these 15 North Carolina Non-Profit Hospital Organizations increased by a very robust 50% to $18.623 bil during the Obama Administration. North Carolina citizens should be very pleased with the strong fiscal performance of their fine Non-Profit Hospital Organizations during the Obama Administration.
In the four annual years 2009 through 2012, Charlotte-based Carolinas HealthCare System's Primary Enterprise generated Total Bottom Line Profit (Excess of Revenues over Expenses) of $1.167 bil, which was a high 8.4% of its Total Revenues over the same time span.
In the most recent four years, Durham-based Duke University Health Systems generated $1.013 bil of Total Non-Operating Investment Income, which comprised a huge 57% of its Total Bottom Line Profits (Excess of Revenues over Expenses) of $1.778 bil.
This Duke Health's Total Bottom Line Profit of $1.778 bil was a monstrous 18.9% of its Total Revenues over the same time span. Even when I back out from Total Bottom Line Profits the $307 mil of Net Unrealized Gain on Investments Recharacterized as Trading in 2010, Adjusted Total Bottom Line Profits of $1.471 bil was a huge 15.6% of its Total Revenues over the most recent four years. Both of these Duke Health Total Bottom Line Profit Percentages exceed that generated by more than two-thirds of the 30 Dow Industrials companies. Does that make any sense? Absolutely no sense to me. As one of many necessary steps here, US Government subsidies to Medical Colleges must be removed. All they do is make already highly profitable University Hospitals even more so.
For the most recent four years, Chapel Hill based-University of North Carolina Hospitals generated Total Bottom Line Profits of $401 mil, which was a very high 9.1% of its Total Revenues over the same time period. Like I said earlier, the US Government should remove all subsidies granted to Medical Colleges.
For the most recent 3.75 years, Asheville-based Mission Health System generated Total Bottom Line Profits of $327 mil, which was a very high 8.8% of its Total Revenues over the same time period. As a comparison, the Combined Bottom Line Profit Margin of the 30 prestigious Dow Industrial companies was a not substantially higher 9.6%.
In the most recent 3.75 years, Greenville-based Vidant Health's Total Bottom Line Profit of $286 mil was 5.4% of its Total Revenues over the same time span.
In the most recent 4.5 years, Winston Salem-based Novant Health's Total Bottom Line Profit of $751 mil was 5.1% of its Total Revenues over the same time span.
In the most recent 3.75 years, Greensboro-based Cone Health's Total Bottom Line Profit of $173 mil was a reasonable 4.8% of its Total Revenues over the same time span.
And lastly, in the most recent three years, Winston Salem-based Wake Forest Baptist's Total Bottom Line Profit of $178 mil was a very fair 3.1% of its Total Revenues over the same time span.
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.