How did they do on the profit front in the aggregate? Well, just like its neighboring state across the Mississippi River.....Louisiana.....just horribly any way you look at it, and for the same reason.....such a high percentage of State residents who are either Uninsured or Underinsured.
These 11 Mississippi Non-Profit Hospital Organizations registered Total Operating Losses of $112 mil in the most recent audited fiscal year, which was a very dismal negative (3.2)% of Total Operating Revenues.
The University of Mississippi Medical Center generated an Operating Loss of a huge $163 mil.
Only one of these 11 Mississippi Hospital Organization generated an Operating Profit Margin above 5.0% of Operating Revenues, and that one.....King's Daughters Medical Center....generated an Operating Profit Margin of only 5.3%.
The main driver of these dismal Total Operating Losses of $112 mil for these 11 Mississippi Hospital Organizations in the most recent audited fiscal year was Total Bad Debt Earnings Charges of $559 mil. Uncompensated Charity Care Earnings Charges were also very high. These two earnings charges were especially so huge because the State of Mississippi has such a high percentage of both Uninsured and Underinsured residents.
With these horrible operating results, nearly all of these Mississippi Hospitals are severely suffering financially.
The best way to provide the desperately needed financial boost to prop up these suffering hospitals is to simply Expand Medicaid in Mississippi. This will substantially reduce two Hospital Operating Statement Earnings Charges.....Provisions for Bad Debts and Uncompensated Charity Care Costs.
Below here are the Operating Income (Losses) and Operating Revenues of these 11 Non-Profit Hospital Organizations headquartered in the State of Mississippi with Total Operating Revenues of more than $10 mil each in the most recent fiscal year:
| Most | |||||
| Recent | Operating | ||||
| Annual | Income | ||||
| Fiscal | Operating | Total | (Loss) | ||
| City | Year | Income | Operating | Margin | |
| HQs | End | (Loss) | Revenues | % | |
| mils $s | mils $s | ||||
| Mississippi Non-Profit Hospital Organizations | |||||
| Forrest County General Hospital | Hattiesburg | Sep12 | 17.9 | 435 | 4.1% |
| North Mississippi Health Services | Tupelo | Sep12 | 8.9 | 758 | 1.2% |
| Magnolia Regional Health Center | Corinth | Sep12 | 6.8 | 153 | 4.4% |
| Mississippi Baptist Health Systems | Jackson | Aug12 | 4.6 | 417 | 1.1% |
| South Central Regional Medical Center | Laurel | Sep12 | 3.8 | 138 | 2.8% |
| King's Daughters Medical Center | Brookhaven | Sep12 | 3.7 | 70 | 5.3% |
| Delta Regional Medical Center | Greenville | Sep12 | 3.7 | 128 | 2.9% |
| Southwest Mississippi Regional Medical Center | McComb | Sep12 | 2.7 | 137 | 2.0% |
| Natchez Regional Medical Center | Natchez | Sep11 | 1.2 | 46 | 2.6% |
| Singing River Health | Pascagoula | Sep12 | (2.3) | 380 | -0.6% |
| University Mississippi Medical Center | Jackson | Jun12 | (163.4) | 836 | -19.5% |
| Total all 11 | (112.4) | 3,498 | -3.2% |
The University of Mississippi Medical Center had Total Provision for Bad Debts Earnings Charge of $152 mil and also had high Uncompensated Charity Care Costs in the most recent audited fiscal year. If Medicaid were Expanded in Mississippi, the University of Mississippi Medical Center's large $163 mil Operating Loss would be substantially reduced and that should also benefit the State of Mississippi's financial coffers and thus also Mississippi citizens.
Bottom Line Operating Results, which are a combination of Operating Income or Loss and Non-Operating Income or Loss, were also very weak across the board.
These 11 Mississippi Non-Profit Hospital Organizations registered Total Bottom Line Profits which were a very modest 2.3% of Total Operating Revenues in the most recent audited fiscal year. And the highest Bottom Line Profit Margin was only 6.1% of Operating Revenues.
Total Provision for Bad Debts Earnings Charge was $559 mil in the most recent audited fiscal year, substantially burdening the Total Bottom Line Income of $79 mil. Thus Total Bottom Line Income exclusive of these Provision for Bad Debts Earnings Charges were $638 mil, which was 8 times the reported Total Bottom Line Income.
Below here are the Bottom Line Profits (Losses) and Operating Revenues of each of these 11 Non-Profit Hospital Organizations headquartered in the State of Mississippi for the most recent audited fiscal year:
| Most | Bottom | ||||
| Recent | Bottom | Line | |||
| Annual | Line | Profit | |||
| Fiscal | Net | Total | (Loss) | ||
| City | Year | Income | Operating | Margin | |
| HQs | End | (Loss) | Revenues | % | |
| mils $s | mils $s | ||||
| Mississippi Non-Profit Hospital Organizations | |||||
| North Mississippi Health Services | Tupelo | Sep12 | 38.2 | 758 | 5.0% |
| Forrest County General Hospital | Hattiesburg | Sep12 | 18.6 | 435 | 4.3% |
| Mississippi Baptist Health Systems | Jackson | Aug12 | 13.7 | 417 | 3.3% |
| King's Daughters Medical Center | Brookhaven | Sep12 | 4.3 | 70 | 6.1% |
| Delta Regional Medical Center | Greenville | Sep12 | 2.9 | 128 | 2.3% |
| Magnolia Regional Health Center | Corinth | Sep12 | 2.8 | 153 | 1.8% |
| South Central Regional Medical Center | Laurel | Sep12 | 2.8 | 138 | 2.0% |
| University Mississippi Medical Center | Jackson | Jun12 | 1.7 | 836 | 0.2% |
| Southwest Mississippi Reg Medical Ctr | McComb | Sep12 | (0.8) | 137 | -0.6% |
| Natchez Regional Medical Center | Natchez | Sep11 | (0.9) | 46 | -2.0% |
| Singing River Health | Pascagoula | Sep12 | (4.1) | 380 | -1.1% |
| Total all 11 | 79.2 | 3,498 | 2.3% |
