These 5 Nebraska Non-Profit Hospital Organizations generated Total Bottom Line Net Income of a very strong 8.6% of Total Operating Revenues in 2013 and also of 8.2% in 2012.
The only problem with these strong operating results in 2013 for these Nebraska Non-Profit Hospital Organizations was that instead of taking the high road and responsibly reducing their Patient Service Pricing, these Nebraska Non-Profit Hospital Organizations elected to retain these excessively high Bottom Line Profits, which also added to both their Net Assets and their treasure chest of Investments in Stocks and Bonds.
Below are the Bottom Line Net Income and Total Operating Revenues for each of these 5 Nebraska Non-Profit Hospital Organizations for 2013 and for 2012:
|Nebraska Hospital Organ||City HQs||End||Income||Revenues||Margin||Income||Revenues||Margin|
|mil $s||mil $s||%||mil $s||mil $s||%|
|Children's Hospital & Med Ctr||Omaha||Dec 13||76||307||24.8%||41||284||14.4%|
|Clarkson Regional Health Svcs||Omaha||Jun 13||7||38||18.4%||22||33||66.7%|
|Bryan Medical Center||Lincoln||May 13||70||463||15.1%||51||464||11.0%|
|Nebraska Medical Center||Omaha||Jun 13||25||803||3.1%||37||802||4.6%|
|Nebraska Methodist Health||Omaha||Dec 13||18||668||2.7%||33||655||5.0%|
|Total all 5||196||2,279||8.6%||184||2,238||8.2%|
There is a very positive aspect to these very high Bottom Line Profits of some of these Nebraska Non-Profit Hospital Organizations. These incredibly high Profits are getting added to the Net Assets (Financial Strength) of these Nebraska Hospital Organizations.
Thus a key beneficiary of this should be Nebraska 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 Nebraska 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 Nebraska Non-Profit Hospital Organizations, 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.
Details to come.