|mil $s||mil $s|
|Oregon Health & Science University||Portland||OR||Jun 13||2,169||Jun 09||1,570||38%|
|Legacy Health System||Portland||OR||Jun 13||962||Mar 09||618||56%|
|Asante Health System||Medford||OR||Jun 13||503||Sep 09||294||71%|
|Total all 3||3,634||2,482||46%|
As you can see from the above chart, the Total Net Assets of these 3 Oregon Non-Profit Hospital Organizations increased by 46% to $3.634 bil during the Obama Administration.
In the most recent four years, the very prestigious Oregon Health & Science University generated Total Bottom Line Profit (Excess of Revenues over Expenses) of $443 mil, which was 5.7% of Total Revenues over the same time span.
In the four years ended March 31, 2013, Legacy Health System generated Total Bottom Line Profit (Excess of Revenues over Expenses) of $368 mil, which was 7.0% of 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.