|Nevada Hospital||City/County||State||4Q 2013||1Q 2013||Admin|
|mil $s||mil $s|
|Hospitals With Net Assets > $200 Mil|
|Summerlin Hospital Medical Center||Clark County||NV||427||274||56%|
|Valley Hospital Medical Center||Clark County||NV||323||322||0%|
|St Rose Dominican-Siena Campus||Clark County||NV||282||156||81%|
|Northeastern Nevada Regional Hospital||Rural||NV||270||94||187%|
|Total all 4 with Net Assets > $200||1,302||846||54%|
|All Other Hospitals with Net Assets<$200 mil||Various||NV||785||817||-4%|
|Nevada State Total||2,087||1,663||25%|
As you can see from the above chart, the Total Net Assets (Financial Strength) of all Nevada Hospitals combined increased by 25% during the Obama Administration.
University Medical Center of Southern Nevada
There are many Hospitals in Nevada which are struggling financially, but none more so than the University Medical Center of Southern Nevada.
The University Medical Center of Southern Nevada generated Operating Losses of $50 mil in 2013, $108 mil in 2011, $81 mil in 2010 and $92 mil in 2009, for Total Operating Losses of $331 mil in those 4 years.
Nevada's So Many Severely Struggling Hospitals
The excellent Nevada Dept of Health and Human Services website shows key financial data for each Nevada Hospital for each of the years 2009 through 2013. In the chart below are the Total Operating Income (Loss) and Total Operating Revenues of all Nevada Hospitals along with the related Percentage Operating Margin for each of these 5 years:
|mil $s||mil $s|
|5 Year Total||-222.9||21,931||-1.0%|
The only good thing I can say about the above numbers is that they are improving. When all of a State's Hospitals combined lose $223 mil over the most recent 5 years, you have a very serious health care delivery problem. This is very depressing and clearly says that Nevada Hospitals have just been crushed financially starting with the 2008 financial meltdown and still desperately need help.
On the very positive side, the State of Nevada has elected to fully expand Medicaid, which substantially improves the profitability and thus also the Net Assets of all Nevada's Hospitals, particularly the ones that are struggling financially. When you combine this with the fact that all of Nevada's Hospitals have increased their Net Assets by 25% during the Obama Administration, a key beneficiary here will also be Nevada citizens electing to buy health insurance on the Health Insurance Exchange. This very solid Net Asset growth gives all of these Nevada Hospitals the financial flexibility to moderate their pricing for hospital and other health care 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.