|mil $s||mil $s|
|University Kansas Hospital||Kansas City||KS||Dec 13||705||Jun 09||422||67%|
|Olathe Medical Center||Olathe||KS||Dec 13||428||Dec 08||208||106%|
|Total of both||1,133||630||80%|
As you can see from the above chart, the Total Net Assets (Financial Strength) of these 2 Kansas Non-Profit Hospital Organizations increased by a very impressive 80% to $1.133 bil for their average 4.75 years so far during the Obama Administration.
Very positively impacting this very robust increase in the Net Assets (Financial Strength) of these 2 Kansas Hospital Organizations 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 very impressive increase in Net Assets (Financial Strength) of these 2 Kansas Non-Profit Hospital Organizations.
A remarkable thing is that these very robust increases in Net Assets (Financial Strength) of these Non-Profit Hospital Organizations occurred when these Non-Profit Hospitals were also playing very instrumental roles in the substantial annual percentage growth reduction of Total US Health Care Costs which occurred in each of the most recent three years under the ACA.
With such impressive Net Asset percentage increases of these 2 Kansas Hospitals, a key beneficiary of this will be Kansas citizens electing to buy health insurance on the Health Insurance Exchange. This strong Net Asset growth gives these Kansas Hospitals the financial flexibility to moderate their pricing for hospital procedures in their negotiations with health insurance companies which ultimately determines what insurance premium prices are set at by health insurance companies on the Health Insurance Exchange.
Kansas Struggling Hospitals
From EMMA, I found 23 Kansas Non-Profit Hospital Organizations with Total Operating Revenues of more than $10 mil in their most recent fiscal year. Nine of them generated Operating Income as a Percentage of Total Operating Revenues of less than 2.0% in the most recent fiscal year, as you can see in the below chart:
|mils $s||mils $s||%|
|Kansas Non-Profit Hospitals|
|Meade Hospital District||Meade||(1.8)||12||-15.0%||Dec12|
|Rooks County Health Center||Plainville||(0.4)||11||-3.6%||Dec12|
|Wilson County Hospital||Neodesha||(0.4)||11||-3.6%||Dec12|
|Hiawatha Hospital Assoc||Hiawatha||(0.6)||22||-2.7%||Dec12|
|Labette County Med Center||Parsons||(0.1)||56||-0.2%||Dec12|
|Fredonia Regional Hospital||Fredonia||-||12||0.0%||Dec12|
|Memorial Health System||Abilene||0.3||27||1.1%||Dec13|
|South Central Kansas Med Ctr||Arkansas City||0.2||17||1.2%||Dec12|
|Anderson County Hospital||Garnett||0.3||17||1.8%||Dec12|
The best and only way to substantially strengthen these struggling Kansas Hospitals is for the State of Kansas to fully expand Medicaid.
A key side benefit to Kansas citizens of Kansas Medicaid expansion is that the resultant profit enhancements and thus Net Asset enhancements to all of Kansas's Hospitals would give them the financial flexibility to moderate their pricing for hospital procedures in their negotiations with health insurance companies which ultimately determines what insurance premium prices are set at by health insurance companies on the Health Insurance Exchange.