|mil $s||mil $s|
|Providence Health||Renton||WA||Jun 13||6,757||Dec 08||3,911||73%|
|Seattle Children's Healthcare||Seattle||WA||Jun 13||1,759||Sep 09||1,195||47%|
|PeaceHealth||Vancouver||WA||Jun 13||1,617||Jun 09||897||80%|
|MultiCare Health System||Tacoma||WA||Jun 13||1,475||Dec 08||650||127%|
|Southwest Washington Medical Ctr||Vancouver||WA||Dec12||423||Dec 08||257||65%|
|Total all 5||12,031||6,910||74%|
As you can see from the above chart, the Total Net Assets of these 5 Washington State Non-Profit Hospital Organizations increased by an exceptional 74% to $12.031 bil during the Obama Administration.
For the most recent 4.5 years, MultiCare System generated Total Bottom Line Profits of $766 mil, which was a very high 11.7% of its Total Revenues over the same time period. This 11.7% Bottom Line Profit Margin is substantially above the 9.6% Combined Bottom Line Profit Margin of the 30 prestigious Dow Industrial companies.
For the most recent 3.75 years, Seattle Children's Healthcare generated Total Bottom Line Profits of a $482 mil, which was an extremely high 14.3% of its Total Revenues over the same time period.
But the Washington headquartered Catholic Non-Profit Hospital Organizations weren't nearly as greedy.
For the most recent 4.5 years, the massive Providence Health generated Total Bottom Line Profits exclusive of economic gains from business combinations of a huge $1.672 bil, which was a very reasonable 4.2% of its Total Revenues over the same time period.
And for the most recent four years, PeaceHealth generated Total Bottom Line Profits of $173 mil, which was only 2.2% 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.