These 3 Oklahoma Non-Profit Hospital Organizations generated Total Bottom Line Net Income of an exceptional 10.8% of Total Operating Revenues in 2013 and also a superb 9.6% for the most recent 4 years combined (2010-2013)
These exceptional operating results were driven by Tulsa-based Saint Francis Health System.
The only problem with these exceptional operating results of these Oklahoma Non-Profit Hospital Organizations in both 2013 and for all 4 years combined was that instead of taking the high road and responsibly reducing their Patient Service Pricing, these Oklahoma 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 these 3 Oklahoma Non-Profit Hospital Organizations for 2013 and for the most recent 4 years combined:
|Most||2013||2010-13||4 Year||4 Year|
|Oklahoma Hospital Organ||City HQs||End||Income||Revenues||Margin||Income||Revenues||Margin|
|mil $s||mil $s||%||mil $s||mil $s||%|
|Saint Francis Health System||Tulsa||Jun 13||186||1,060||17.5%||669||3,886||17.2%|
|Integris Health||Oklahoma City||Jun 13||99||1,327||7.5%||321||5,113||6.3%|
|Univ Oklahoma Health Sciences Ctr||Oklahoma City||Jun 13||51||713||7.2%||137||2,718||5.0%|
|Total all 3||336||3,100||10.8%||1,127||11,717||9.6%|
There is a very positive aspect to these excessively high Bottom Line Profits of these Oklahoma Non-Profit Hospital Organizations. These incredibly high Profits are getting added to the Net Assets (Financial Strength) of these Oklahoma Hospital Organizations.
Thus a key beneficiary of this should be Oklahoma 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 Oklahoma 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 Oklahoma 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.