|mil $s||mil $s|
|St Jude Children's Research Hospital||Memphis||TN||Mar 13||2,979||Jun 09||1,907||56%|
|Baptist Memorial Health Care||Memphis||TN||Jun 13||1,839||Sep 09||1,501||23%|
|Methodist Le Bonheur Healthcare||Memphis||TN||Jun 13||969||Dec 08||451||115%|
|Covenant Health||Knoxville||TN||Jun 13||913||Dec 08||614||49%|
|Mountain States Health Alliance||Johnson City||TN||Jun 13||681||Jun 09||450||51%|
|Wellmont Health System||Kingsport||TN||Mar 13||514||Jun 09||325||58%|
|Total all 6||7,895||5,248||50%|
As you can see from the above chart, the Total Net Assets of these 6 Tennessee Non-Profit Hospital Organizations increased by a robust 50% to $7.895 bil during the Obama Administration.
For the most recent 4.5 years, Methodist Le Bonheur Healthcare generated Total Bottom Line Profits of $489 mil, which was a high 8.3% of its Total Revenues over the same time period.
Vanderbilt University Hospitals and Clinics did not report its Net Assets. It did report its Bottom Line Profits for the two fiscal years ended June 30, 2011 and 2010, which totaled $218 mil and was 6.4% of its Total Revenues over those same two years.
For the most recent 3.75 years, Memphis-based Baptist Memorial Health Care generated Total Bottom Line Profits of $263 mil, which was a reasonable 4.2% of its Total Revenues over the same time period.
For the most recent 4.5 years, Knoxville-based Covenant Hospitals generated Total Bottom Line Profits of $175 mil, which was a reasonable 3.8% 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.