|mil $s||mil $s|
|North Mississippi Health Services||Tupelo||MS||Sep 13||759||Sep 09||670||13%|
|University Mississippi Medical Center||Jackson||MS||Jun 12||688||Jun 09||630||9%|
|Forest County General Hospital||Hattiesburg||MS||Dec 13||393||Sep 09||293||34%|
|Mississippi Baptist Health System||Jackson||MS||Nov 13||365||Aug 09||312||17%|
|Memorial Hospital||Gulfport||MS||Sep 13||318||Sep 09||292||9%|
|Total of all 5||2,523||2,197||15%|
As you can see from the above chart, the Total Net Assets (Financial Strength) of these 5 Mississippi Non-Profit Hospital Organizations increased by 15% for their short 3.90 years during the Obama Administration.
It should be pointed out that the University Mississippi Medical Center has not reported its June 30, 2013 Net Asset amount yet. But then for the 3 years ended June 30, 2012, its Net Asset growth was a very modest 9%.
I've reviewed all of the US States and Mississippi's Total Net Asset growth during the Obama Administration is much lower than that of any other State.
Mississippi Struggling Hospitals
From a review of EMMA, I found 10 Mississippi Hospital Organizations with more than $10 mil of Total Revenues in their most recent fiscal year. 6 of the 10 had Operating Losses, which totaled $238 mil, which was a massively high negative 9.2% of their Total Operating Revenues of $2,584 mil, as you can see in the below chart:
|mils $s||mils $s||%|
|Mississippi Non-Profit Hospital Organizations|
|University Mississippi Medical Center||Jackson||(163.4)||836||-19.5%||Jun 12|
|North Mississippi Health Services||Tupelo||(46.7)||735||-6.4%||Sep 13|
|Mississippi Baptist Health Systems||Jackson||(22.7)||417||-5.4%||Aug 13|
|Singing River Health||Pascagoula||(2.3)||380||-0.6%||Sep 12|
|King's Daughters Medical Center||Brookhaven||(2.2)||71||-3.1%||Sep 13|
|Southwest Mississippi Regional Medical Center||McComb||(1.1)||145||-0.8%||Sep 13|
|Total all 6||(238.4)||2,584.0||-9.2%|
When you have these kinds of huge Operating Losses, the responsible thing to do is to deal with them and not ignore them. So far, the State of Mississippi has decided to ignore them.
The best and only way to substantially strengthen these struggling Mississippi Hospitals is for the State of Mississippi to fully expand Medicaid.
A key side benefit here to Mississippi citizens is that the resultant profit enhancements and thus Net Asset enhancements of all Mississippi Hospitals due to Medicaid expansion will 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.