One of these 9 Georgia Non-Profit Hospitals.....Children's Healthcare Atlanta.... still hasn't published its December 2013 financial statements yet and thus I only included for 2013 below its 9 months ended September 30, 2013 operating data. When it publishes its December 2013 financial statements, I'll then update the amounts included in the chart below. Since its Net Income Margin is so incredibly high.....29.7% for the first 9 months of 2013..... Georgia's 2013 Total Net Income Margin for 2013 will be much higher than the presently shown 9.6% below, which is already very high.
I didn't include Emory Healthcare below since I could not find separate financial statements for it in EMMA.
I also didn't include University Health in Richmond County because I could not find any amounts for it anytime in 2013.
These 9 Georgia Non-Profit Hospital Organizations generated Total Bottom Line Net Income for the 4 years 2010-2013 combined of an incredibly high 10.5% of Total Operating Revenues. This Total Net income Margin was 9.6% in 2013 and a higher 10.9% in 2012.
This combined 4 year Net Income Margin of 10.5% for these 9 Georgia Non-Profit Hospital Organizations comfortably exceeded that of the 30 Dow Industrials combined. Instead of taking the high road and responsibly reducing their Patient Service Pricing, these Georgia Non-Profit Hospital Organizations elected to retain these excessively high Bottom Line Profits, which also added to both their Net Assets and treasure chest of Investments in Stocks and Bonds.
Below are the Bottom Line Net Income and Total Operating Revenues for each of these 9 Georgia Non-Profit Hospital Organizations for 2013, for 2012 and for the most recent 4 years combined:
|Most||2013||2012||2010-13||4 Year||4 Year|
|Georgia Hospital Organ||City HQs||End||Income||Revenues||Margin||Income||Revenues||Margin||Income||Revenues||Margin|
|mil $s||mil $s||%||mil $s||mil $s||%||mil $s||mil $s||%|
|Children's HealthCare||Atlanta||Dec 13||259||872||29.7%||395||1,135||34.8%||956||4,019||23.8%|
|Hamilton Health Care||Dalton||Sep 13||34||267||12.7%||48||265||18.1%||129||1,037||12.4%|
|Wellstar Health System||Marietta||Jun 13||120||1,547||7.8%||86||1,463||5.9%||524||5,674||9.2%|
|Archbold Medical Center||Thomasville||Sep 13||25||323||7.7%||31||319||9.7%||115||1,249||9.2%|
|Northeast Georgia Health||Gainesville||Sep 13||86||678||12.7%||32||634||5.0%||227||2,483||9.1%|
|Gwinnett Hospital System||Duluth||Jun 13||63||587||10.7%||26||518||5.0%||157||2,074||7.6%|
|Central Georgia Health||Macon||Sep 13||45||749||6.0%||42||725||5.8%||211||2,856||7.4%|
|Piedmont Health Care||Atlanta||Jun 13||68||1,597||4.3%||115||1,492||7.7%||379||5,462||6.9%|
|Phoebe Putney Health||Albany||Jul 13||3||669||0.4%||7||620||1.1%||162||2,420||6.7%|
|Total all 9||703||7,289||9.6%||782||7,171||10.9%||2,860||27,274||10.5%|
There is a very positive aspect to these excessively high Bottom Line Profits in the most recent 4 years of these Georgia Non-Profit Hospital Organizations. These incredibly high Profits are getting added to the Net Assets (Financial Strength) of these Georgia Hospital Organizations.
Thus a key beneficiary of this should be Georgia citizens electing to buy health insurance on the Health Insurance Exchange. This exceptional Net Asset growth driven by these exceedingly high Bottom Line Profits gives these Georgia Hospital Organizations 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.
And armed with audited financial data concerning the excessively high profits earned by these large Georgia Non-Profit Hospital Organizations in the past 4 years, Health Insurance Companies should be able to do a much better job in representing their policy holders, including those getting Health Insurance on the Health Insurance Exchange.