Georgia Non-Profit Hospital Organizations Net Income 10.5% of Revenues For 4 Years 2010-2013

From a review of audited annual financial statements shown at Electronic Municipal Market Access (EMMA), I found 9 Georgia Non-Profit Hospital Organizations with Net Assets above $400 mil each.

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:

											4 Year
		Most	2013				2012				2010-13	4 Year	4 Year
		Recent	Bottom	2013	2013		Bottom	2012	2012		Bottom	2010-13	2010-13
		Fiscal	Line	Total	Net		Line	Total	Net		Line	Total	Net
		Year	Net	Operating	Income		Net	Operating	Income		Net	Operating	Income
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	%
Non-Profit Hospitals
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.