|mil $s||mil $s|
|Cleveland Clinic Health System||Cleveland||OH||Dec 13||6,208||Dec 08||2,715||129%|
|OhioHealth||Columbus||OH||Dec 13||2,925||Jun 09||1,259||132%|
|Catholic Health Partners||Cincinnati||OH||Dec 13||3,097||Dec 08||1,614||92%|
|Cincinnati Children's Hospital Med Ctr||Cincinnati||OH||Mar 14||2,234||Jun 09||1,140||96%|
|Premier Health Partners||Dayton||OH||Dec 13||1,715||Dec 08||1,111||54%|
|Nationwide Children's Hospital||Columbus||OH||Sep 13||1,644||Dec 08||761||116%|
|ProMedica Health Care||Toledo||OH||Dec 13||1,614||Dec 08||1,042||55%|
|University Hospitals Health System||Cleveland||OH||Dec 13||1,649||Dec 08||1,078||53%|
|Mount Carmel Health||Columbus||OH||Jun 13||1,238||Jun 09||850||46%|
|Ohio State Univ Wexner Med Ctr||Columbus||OH||Jun 13||924||Jun 09||555||66%|
|Summa Health System||Akron||OH||Dec 13||874||Dec 08||407||115%|
|Kettering Health Network||Dayton||OH||Mar 14||826||Dec 08||340||143%|
|UC Health (Cincinnati)||Cincinnati||OH||Dec 13||675||Jun 09||415||63%|
|Children's Hospital Med Center Akron||Akron||OH||Dec 13||573||Dec 08||247||132%|
|Christ Hospital Health Network||Cincinnati||OH||Dec 13||478||Jun 09||317||51%|
|Total all 15||26,674||13,851||93%|
As you can see from the above chart, the Total Net Assets (Financial Strength) of these 15 Ohio Non-Profit Hospital Organizations increased by a spectacular 93% to $26.674 bil during their average 4.70 years so far of the Obama Administration.
The lowest percentage increase of the 15 was a robust 46%.
In just the past 6 months, this Total Net Asset increase grew substantially from 65% to 93%. The main driver here was Cleveland Clinic's giant $816 mil increase in Net Assets from $5.392 bil at June 30, 2013 to $6.208 bil at December 31, 2013.
Very positively impacting this massive increase in the Net Assets (Financial Strength) of these 15 Ohio 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 huge increase in Net Assets (Financial Strength) of these 15 Ohio 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 spectacular Net Asset percentage increases of these 15 Ohio Hospitals, a key beneficiary of this will be Ohio citizens electing to buy health insurance on the Health Insurance Exchange. This exceptional Net Asset growth gives these Ohio 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.
Ohio State University
A very late find was the Ohio State University (OSU) Wexner Medical Center.
Ohio State University is a Non-Profit Governmental Entity and thus so is its OSU Wexner Medical Center.
Below here are the Total Operating Revenues and Total Operating Expenses of OSU Wexner Medical Center for each of the most recent 3 Fiscal Years (FYs), which is all that I could find on EMMA:
|OSU Wexner Medical Center||Total|
|FY 2013||FY 2012||FY 2011||FYs|
|mil $s||mil $s||mil $s||mil $s|
|Operating Income as % of Operating Revenues||10.6%||9.1%||9.0%||9.6%|
Whoa, this is pretty crazy for a Non-Profit Governmental Hospital to generate Health Care Operating Income as a Percentage of the Related Operating Revenues for the most recent 3 years of an excessively high 9.6%, which is pretty much equivalent to the Total Bottom Line Profit Margin of the 30 pristine Dow Industrials. It tells you why the US has a huge Health Care Cost problem and it also tells you that the Hospital and Other Health Care Patients and the Businesses and the US Government covering them are all getting ripped off by OSU Wexner Medical Center's exorbitant pricing of hospital and other health care procedures.
OSU Wexner Medical Center's Net Assets have increased by 66% during the Obama Administration through June 30, 2013, going from $555 mil at June 30, 2009 to $924 mil at June 30, 2013.
Which takes me finally to a very positive aspect of the extremely high OSU Wexner Medical Center Operating Profits as well as the resultant massive build-up of the Net Assets of the OSU Wexner Medical Center.
With such substantial Total Net Assets dollar and percentage increases of the OSU Wexner Medical Center, one of the key beneficiaries of this will be Ohio citizens electing to buy health insurance on the Health Insurance Exchange. This exceptional Net Asset growth gives the OSU Wexner Medical Center 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.