|mils $s||mils $s|
|Indiana Non-Profit Hospital Organizations|
|Indiana University Health||Indianapolis||Dec 2012||719||5,578||12.9%|
|St Vincent Health||Indianapolis||Jun 2013||328||2,761||11.9%|
|Franciscan Alliance||Mishawaka||Dec 2012||223||2,627||8.5%|
|Community Health Network||Indianapolis||Dec 2012||198||1,667||11.9%|
|Beacon Health||South Bend||Dec 2012||182||886||20.5%|
|Parkview Health||Fort Wayne||Dec 2012||130||1,073||12.1%|
|St Mary's Health||Evansville||Jun 2012||54||488||11.1%|
|Deaconess Health||Evansville||Sep 2012||47||677||6.9%|
|Community Foundation NW Ind||Munster||Jun 2013||40||891||4.5%|
|Total all 9||1,921||16,648||11.5%|
As you can see in the above chart, the Total Bottom Line Profits for these 9 Indiana Non-Profit Hospital Organizations was $1.921 bil in the most recent audited fiscal year reported, which was an exceptionally robust 11.5% of Total Operating Revenues. As a comparison, the Combined Bottom Line Profit Margin of the prestigious 30 Dow Industrial companies is a much lower 9.6% of their Total Revenues in the most recent year. CEOs and CFOs of the 30 Dow Industrial companies keenly aware of how difficult it is for them to generate profit margin percentages must be shaking their heads at how Non-Profit Hospitals can be doing so well on the profit margin percentage front.
When you compare the 11.5% Total Bottom Line Profit Margin of these 9 Indiana Non-Profit Hospital Organizations with the 9.6% Total Bottom Line Profit Margin of the 30 Dow Industrials, which are some of the very best For-Profit US companies, the clear conclusion is that the earnings of these Indiana Non-Profit Hospital Organizations in the most recent year were on fire.
But it also reveals a main reason why the US Health Care Costs are so much out of control.....Hospitals charge way too much and retain these excess charges in their Bottom Line Profits which get added to their massive treasure chest of Investments in Stocks and Bonds. And the US Congress, both Republicans and Democrats, nearly all 100% subservient to Hospitals, just sits there and twiddles its thumbs and refuses to work together for the common good of the country. With this complete lack of governance, coupled with consistently choosing Hospitals over People, it's no wonder why the approval rating of the US Congress is now less than 10%.
These very strong bottom line profits of these 9 Indiana Non-Profit Hospital Organizations were attributable to superb fiscal measures and much more effective health care delivery adopted by hospital executives and hospital employees, which were initiated in conjunction with Obamacare. In addition, the strong US stock market and lower interest rates added to investment returns and thus also to bottom line profits of these Hospital Organizations.
But there's even more to this incredibly massive earnings story.
When the Insurance Exchanges kick in starting in 2014, these Indiana Non-Profit Hospital Organizations should see their profits increase even more......and by quite a bit more.
Under the Affordable Care Act (ACA), Hospital Organizations' both future Hospital Operating Income and future Bottom Line Income will be bolstered robustly due to many of the Uninsured getting insurance and also due to the many of the Underinsured getting much better insurance.
With these very exceptionally strong, ongoing Indiana Hospital earnings under Obamacare, the ultimate result should be a reduction in hospital patient charges, a bending back of the US Long-term Total Health Care Cost Curve and a reduction in the US Debt.
That's quite a financial Trifecta!
And it also only makes sense that some of these huge past and future bottom line profits of these US Hospital Organizations, both Non-Profit and For-Profit ones, should be used to wisely fund a substantial portion of the elimination of the US Government Sequester Cost Cuts over the next several years which are now being negotiated by 29 US Congressional members of the Bicameral Committee Conference on Budget Negotiations. Both clear-thinking Republicans and clear-thinking Democrats should be on board with this wise funding vehicle.
And lastly, it is just incredible how much the financial strength of these Indiana Non-Profit Hospitals has been enhanced during the Obama Administration.
From EMMA, below here are the Net Assets of these 9 Indiana Non-Profit Hospital Organizations at the most recent date and also at the beginning of the Obama Administration:
|mil $s||mil $s|
|Indiana University Health||Indianapolis||IN||Sep 13||3,861||Dec 08||1,434||169%|
|St Vincent Health||Indianapolis||IN||Jun 13||3,040||Jun 09||1,561||95%|
|Franciscan Alliance||Mishawaka||IN||Sep 13||2,119||Dec 08||1,463||45%|
|Parkview Health System||Fort Wayne||IN||Sep 13||987||Dec 08||543||82%|
|Beacon Health System||South Bend||IN||Jun 13||931||Dec 08||341||173%|
|Community Health Network||Indianapolis||IN||Jun 13||869||Dec 08||482||80%|
|Deaconess Health System||Evansville||IN||Jun 13||493||Sep 09||365||35%|
|St Mary's Health||Evansville||IN||Jun 12||448||Jun 09||292||53%|
|Community Foundation NW Indiana||Munster||IN||Sep 13||432||Jun 09||289||49%|
|Total all 9||13,180||6,770||95%|
Yeah, these 9 Indiana Non-Profit Hospital Organizations had their Total Net Assets increase by a massive $6.410 bil to $13.180 bil, an increase of a huge 95% during the Obama Administration so far. This $6.410 bil Net Asset increase comes predominantly from the tax-free cumulative earnings of these Indiana Hospitals during the Obama Administration.