This post relates to information contained in a just excellent web article on Oklahoma smaller hospitals by Oklahoma Watch
Small Hospitals Hemorrhaging Big Losses. The authors of this web article obtained their data from the Centers for Medicare and Medicaid Services via a
Freedom of Information Act request, and from the American Hospital
Directory, which compiles hospital cost report data.
I excluded from their study hospitals which I didn't consider general purpose ones. I was left with 97 Oklahoma Hospitals.
These 97 Oklahoma Hospital Organizations generated
Total Operating Income of $188 mil in 2012,
which was a very modest 2.5% of Total Net Patient Revenues of $7.422 bil.
There were some of these 97 Oklahoma Hospitals which greedily generated excessive Operating Income in 2012. There were 11 of them which generated Operating
Income as a Percentage of Net Patient Revenues in excess of 10.0% each. One of them, Tulsa-based St. Francis, generated Total Operating Income of $124 mil, which was 15.1% of its Net Patient Revenues. Yeah, this $124 mil of Operating Profit comprised 66% of the Total Operating Income of $188 mil for all 97 Oklahoma Hospitals combined in 2012.
But an amazingly high 64 of these 97 Oklahoma Hospitals, or 66% of them, had Operating Losses in 2012. And 55 of the 64 Oklahoma Hospitals with Operating Losses had fewer than 100 beds. Oklahoma has a very embarrassing situation here with its so many struggling Hospitals, coupled with its massive Hospital Operating Profit Inequality. But frankly, the solution is very simple.....full expansion of Medicaid in Oklahoma.
With so many of these Oklahoma Hospitals generating Operating Losses or modest Operating Income, a key
beneficiary of this will be Oklahoma citizens buying health insurance on the
Federal insurance exchange. These Oklahoma Hospitals, for the most part, will not be
baking in excessive Hospital profits demands in their negotiations with
health insurance companies on pricing for hospital procedures which
ultimately determines what insurance premiums are set by health
insurance companies on the Federal insurance exchange.
So far, Oklahoma has decided to not expand Medicaid. If Oklahoma changed its mind and decided to fully
Expand Medicaid, then
the consequences of this action would be to significantly drive down
insurance
premium prices even more for Oklahoma citizens in the Federal health
insurance
exchange. This Oklahoma Medicaid Expansion would increase Oklahoma Hospital profits substantially and thus permit Oklahoma Hospitals
to be
even more reasonable in their negotiations with health insurance
companies on pricing for hospital procedures which ultimately drives
what health insurance premiums are set at by health insurers for Oklahoma citizens on the
Federal Health Insurance Exchange.
So just how much would Oklahoma Hospital Profits increase due to the ACA and the Expansion of Medicaid?
Well, the Total Uncompensated Care in 2012 for the 83 of these 97 Oklahoma Hospitals which disclosed them was $466 mil, which is 2.5 times the Total Operating Income of $188 mil.
Granted not all of this $466 mil of Total Uncompensated Care will be eliminated
with ACA and Medicaid Expansion, but a substantial portion of it will.
Below
here are the Operating Income or Loss, Total Net Patient Revenues
and Operating Income (Loss) Margin Percentage in the most recent year
for each of these 97 Oklahoma Hospital Organizations:
|
|
Operating |
Net |
|
|
|
Income |
Patient |
|
Oklahoma Hospital |
City |
(Loss) |
Revenues |
Margin |
|
|
$000s |
$000s |
% |
|
|
|
|
|
Beaver
County Memorial Hospital |
Beaver |
(3,362) |
1,722 |
-195.2% |
Stroud
Regional Medical Center |
Stroud |
(7,147) |
6,972 |
-102.5% |
Physicians
Hospital at Anadarko |
Anadarko |
(7,072) |
7,626 |
-92.7% |
Integris
Edmond |
Edmond |
(9,557) |
12,558 |
-76.1% |
Great
Plains Regional Medical Center |
Elk City |
(18,756) |
25,677 |
-73.0% |
Latimer
County Hospital |
Wilburton |
(3,017) |
5,630 |
-53.6% |
Sayre
Memorial Hospital |
Sayer |
(3,516) |
7,464 |
-47.1% |
Pauls
Valley General Hospital |
Pauls Valley |
(5,032) |
12,629 |
-39.8% |
Atoka
Memorial Hospital |
Atoka |
(3,034) |
7,668 |
-39.6% |
Cimarron
Memorial Hospital |
Boise City |
(1,099) |
3,001 |
-36.6% |
Kingfisher
Regional Hospital |
Kingfisher |
(4,557) |
12,590 |
-36.2% |
OSU
Medical Center |
Tulsa |
(32,022) |
123,164 |
-26.0% |
Okmulgee
Memorial Hospital |
Okmulgee |
(3,219) |
13,855 |
-23.2% |
Harmon
Memorial Hospital |
Hollis |
(977) |
4,822 |
-20.3% |
Roger
Mills Memorial Hospital |
Cheyenne |
(639) |
3,391 |
-18.8% |
Mercy
Hospital Tishomingo |
Tishomingo |
(777) |
4,214 |
-18.4% |
Share
Medical Center |
Alva |
(1,544) |
9,458 |
-16.3% |
Cordell
Memorial Hospital |
Cordell |
(543) |
3,336 |
-16.3% |
Integris
Seminole Medical Center |
Seminole |
(1,331) |
8,297 |
-16.0% |
Carnegie
Tri-County Municipal Hospital |
Carnegie |
(586) |
3,701 |
-15.8% |
Memorial
Hospital Of Texas County |
Guymon |
(3,338) |
21,426 |
-15.6% |
Coal
County General Hospital |
Coalgate |
(555) |
3,864 |
-14.4% |
Integris
Marshall County Med. Cntr |
Madill |
(1,007) |
7,070 |
-14.2% |
Jefferson
County Hospital |
Waurika |
(357) |
2,639 |
-13.5% |
St.
John Sapulpa |
Sapulpa |
(2,661) |
20,796 |
-12.8% |
Cleveland
Area Hospital |
Cleveland |
(1,244) |
9,824 |
-12.7% |
Fairview
Regional Medical Center |
Fairview |
(653) |
5,177 |
-12.6% |
Arbuckle
Memorial Hospital |
Sulphur |
(1,476) |
11,819 |
-12.5% |
St.
John Broken Arrow |
Broken Arrow |
(6,017) |
49,450 |
-12.2% |
Mercy
Hospital El Reno |
El Reno |
(1,353) |
11,552 |
-11.7% |
Perry
Memorial Hospital |
Perry |
(817) |
7,240 |
-11.3% |
Choctaw
Memorial Hospital |
Hugo |
(1,119) |
10,126 |
-11.1% |
Integris
Blackwell Regional Hospital |
Blackwell |
(1,341) |
12,367 |
-10.8% |
Harper
County Community Hospital |
Buffalo |
(347) |
3,385 |
-10.3% |
McCurtain
Memorial Hospital |
Idabel |
(1,887) |
18,399 |
-10.3% |
Mercy
Hospital Watonga |
Watonga |
(405) |
4,192 |
-9.7% |
St.
John Medical Center |
Tulsa |
(40,892) |
436,306 |
-9.4% |
Mercy
Hospital Healdton |
Healdton |
(387) |
4,430 |
-8.7% |
Memorial
Hospital & Physician Group |
Frederick |
(664) |
7,681 |
-8.6% |
Hillcrest
Hospital Cushing |
Cushing |
(2,417) |
29,665 |
-8.1% |
Craig
General Hospital |
Vinita |
(2,060) |
25,458 |
-8.1% |
Integris
Clinton Regional Hospital |
Clinton |
(1,416) |
17,950 |
-7.9% |
Haskell
County Hospital |
Stigler |
(450) |
6,234 |
-7.2% |
Mercy
Hospital Logan County |
Guthrie |
(869) |
13,462 |
-6.5% |
Fairfax
Memorial Hospital |
Fairfax |
(286) |
4,658 |
-6.1% |
Elkview
General Hospital |
Hobart |
(715) |
13,379 |
-5.3% |
Integris
Baptist Regional Health Center |
Miami |
(2,870) |
54,634 |
-5.3% |
Bristow
Medical Center |
Bristow |
(713) |
14,562 |
-4.9% |
Integris
Mayes County Med. Cntr. |
Pryor |
(782) |
17,265 |
-4.5% |
Woodward
Regional Hospital |
Woodward |
(1,513) |
34,159 |
-4.4% |
St.
Anthony Hospital |
Oklahoma City |
(17,501) |
412,037 |
-4.2% |
Drumright
Regional Hospital |
Drumright |
(357) |
9,901 |
-3.6% |
Eastern
Oklahoma Medical Center |
Poteau |
(756) |
21,070 |
-3.6% |
Integris
Grove General Hospital |
Grove |
(1,765) |
50,671 |
-3.5% |
Comanche
County Memorial Hospital |
Lawton |
(6,922) |
198,821 |
-3.5% |
Sequoyah
Memorial Hospital |
Sallisaw |
(414) |
14,125 |
-2.9% |
Mercy
Hospital Ada |
Ada |
(1,963) |
67,130 |
-2.9% |
Seiling
Community Hospital |
Seiling |
(125) |
4,341 |
-2.9% |
Integris
Southwest Medical Center |
Oklahoma City |
(6,104) |
218,797 |
-2.8% |
Holdenville
General Hospital |
Holdenville |
(247) |
8,964 |
-2.8% |
Weatherford
Regional Hospital |
Weatherford |
(462) |
18,339 |
-2.5% |
Duncan
Regional Hospital |
Duncan |
(1,520) |
76,682 |
-2.0% |
Quartz
Mountain Medical Center |
Mangum |
(90) |
7,019 |
-1.3% |
Norman
Regional Hospital |
Norman |
(244) |
316,736 |
-0.1% |
Mercy
Health/Love County |
Marietta |
(8) |
12,637 |
-0.1% |
Adair
County Memorial Hospital |
Stilwell |
89 |
18,037 |
0.5% |
Pawhuska
Hospital |
Pawhuska |
26 |
4,291 |
0.6% |
Jackson
County Memorial Hospital |
Altus |
429 |
69,069 |
0.6% |
EASTAR
Health System |
Muskogee |
874 |
103,248 |
0.8% |
Purcell
Municipal Hospital |
Purcell |
129 |
14,116 |
0.9% |
Lindsay
Municipal Hospital |
Lindsay |
122 |
9,527 |
1.3% |
OU
Medical Center |
Oklahoma City |
14,086 |
741,801 |
1.9% |
Tahlequah
City Hospital |
Tahlequah |
1,758 |
77,472 |
2.3% |
Jane
Phillips Nowata Health Center |
Nowata |
82 |
3,377 |
2.4% |
Deaconess
Hospital |
Oklahoma City |
4,298 |
172,159 |
2.5% |
McAlester
Regional Health Center |
McAlester |
2,643 |
77,938 |
3.4% |
Southcrest
Hospital |
Tulsa |
7,391 |
127,431 |
5.8% |
St.
Mary's Regional Medical Center |
Enid |
5,600 |
96,435 |
5.8% |
Integris
Baptist Medical Center |
Oklahoma City |
42,720 |
619,968 |
6.9% |
Hillcrest
Medical Center |
Tulsa |
30,909 |
438,209 |
7.1% |
Southwestern
Medical Center |
Lawton |
5,008 |
68,460 |
7.3% |
Ponca
City Medical Center |
Ponca City |
5,007 |
64,563 |
7.8% |
Integris
Canadian Valley Reg. Hsptl. |
Yukon |
4,849 |
61,642 |
7.9% |
Mercy
Hospital Ardmore |
Ardmore |
10,581 |
129,079 |
8.2% |
Integris
Bass Baptist Health Center |
Enid |
11,056 |
117,528 |
9.4% |
Mercy
Hospital |
Oklahoma City |
32,447 |
344,880 |
9.4% |
Hillcrest
Hospital Claremore |
Claremore |
5,254 |
52,203 |
10.1% |
Jane
Phillips Memorial Medical Center |
Bartlesville |
13,454 |
114,848 |
11.7% |
Midwest
Regional Medical Center |
Midwest City |
24,060 |
169,452 |
14.2% |
Okeene
Municipal Hospital |
Okeene |
840 |
5,750 |
14.6% |
St.
Francis |
Tulsa |
124,194 |
821,234 |
15.1% |
Prague
Municipal Hospital |
Prague |
1,001 |
6,582 |
15.2% |
St.
John Owasso |
Owasso |
5,664 |
35,589 |
15.9% |
St.
Francis Hospital South |
Tulsa |
11,979 |
67,829 |
17.7% |
Wagoner
Community Hospital |
Wagoner |
4,278 |
19,679 |
21.7% |
Community
Hospital |
Oklahoma City |
21,926 |
89,260 |
24.6% |
Medical
Center Of Southeastern Okla. |
Durant |
21,771 |
86,125 |
25.3% |
|
|
|
|
|
Total
all 97 Hospitals |
|
187,651 |
7,421,994 |
2.5% |