Presbyterian Healthcare Services generated Total Bottom Line Net Income of an exceptional 10.0% of Total Operating Revenues in 2013 and a superb 8.8% in 2012.
The only problem with these exceptional operating results of this New Mexico Non-Profit Hospital Organization in both 2013 and 2012 was that instead of taking the high road and responsibly reducing their Patient Service Pricing, this New Mexico Non-Profit Hospital Organization elected to retain these excessively high Bottom Line Profits, which also added to both its Net Assets and its treasure chest of Investments in Stocks and Bonds.
Below are the Bottom Line Net Income and Total Operating Revenues for Presbyterian Healthcare Services for both 2013 and 2012:
|New Mexico Hospital Organ||City HQs||End||Income||Revenues||Margin||Income||Revenues||Margin|
|mil $s||mil $s||%||mil $s||mil $s||%|
|Presbyterian Healthcare Svcs||Albuquerque||Dec 13||211||2,104||10.0%||180||2,052||8.8%|
There is a very positive aspect to these excessively high Bottom Line Profits of this New Mexico Non-Profit Hospital Organization. These incredibly high Profits are getting added to the Net Assets (Financial Strength) of this New Mexico Hospital Organization.
Thus a key beneficiary of this should be New Mexico 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 this New Mexico Hospital Organization the financial flexibility to moderate its pricing for hospital and other health care procedures in its 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 this large New Mexico Non-Profit Hospital Organization, 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.
And there's an added factor in New Mexico's case which should drive down Health Insurance Premiums on the Health Insurance Exchange even more. New Mexico passed full Medicaid expansion and there is an additional real beauty with full Medicaid expansion. It increases nearly every Hospital's profits so much that Hospitals just have to reduce their Hospital charges very substantially and they also will be much more reasonable in negotiating Hospital Charges with Health Insurance Companies. Thus it is only logical that this will also result in much lower Health Insurance Premiums on the Health Insurance Exchange.