|mil $s||mil $s|
|Nebraska Medical Center||Omaha||NE||Dec 13||615||Jun 09||470||31%|
|Nebraska Methodist Health System||Omaha||NE||Dec 13||542||Dec 08||300||81%|
|Bryan Medical Center||Lincoln||NE||Sep 13||523||May 09||383||37%|
|Clarkson Regional Health Services||Omaha||NE||Dec 13||468||Jun 09||343||36%|
|Children's Hospital & Medical Center||Omaha||NE||Dec 13||408||Dec 08||210||94%|
|Total all 5||2,556||1,706||50%|
As you can see from the above chart, the Total Net Assets (Financial Strength) of these 5 Nebraska Non-Profit Hospital Organizations increased by a very robust 50% to $2.556 bil for their average 4.67 years during the Obama Administration.
To illustrate the very recent explosive Total Net Asset growth, in just the past 6 months, this Total Net Asset increase grew from 35% to 50%.
Very positively impacting this impressive increase in the Net Assets (Financial Strength) of these 5 Nebraska Hospitals 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 robust increase in Net Assets (Financial Strength) of these 5 Nebraska 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 very solid Net Asset percentage increases of these 5 Nebraska Hospitals, a key beneficiary of this will be Nebraska citizens electing to buy health insurance on the Health Insurance Exchange. This strong Net Asset growth gives these Nebraska 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.
Nebraska Struggling Hospitals
From EMMA, I found 16 Nebraska Non-Profit Hospital Organizations with Total Operating Revenues of at least $5 mil in their most recent fiscal year. Precisely half 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||%|
|Nebraska Non-Profit Hospital Organizations|
|Callaway Hospital District||Callaway||(0.2)||5||-3.7%||Jul 13|
|Osmond General Hospital||Osmond||(0.2)||6||-3.2%||Jun 13|
|Fillmore County Hospital||Geneva||-||13||0.0%||Jun 13|
|Nebraska Methodist Health||Omaha||4.3||668||0.6%||Dec 13|
|Antelope Memorial Hospital||Neligh||0.1||13||0.8%||Jun 13|
|Faith Regional Health Services||Norfolk||1.2||149||0.8%||Dec 12|
|Nebraska Medical Center||Omaha||14.8||803||1.8%||Jun 13|
|Total all 8||20.3||1,708||1.2%|
The best and only way to substantially strengthen these struggling Nebraska Hospitals is for the State of Nebraska to fully expand Medicaid.
A key side benefit to Nebraska citizens of Nebraska Medicaid expansion is that the resultant profit enhancements and thus Net Asset enhancements to all of Nebraska'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.