Sunday, April 13, 2014

Wisconsin Hospitals Net Income 9.8% of Revenues in 2012

The State of Wisconsin is being very transparent with its citizens by having available for review annually at its State Health Dept website very detailed financial information on each of its 129 acute care Hospitals.  The most recent data is for 2012.

These 129 Wisconsin Hospitals generated Total Bottom Line Net Income of an exceptional 9.8% of Total Operating Revenues in 2012, which even exceeded that of the 30 Dow Industrials combined.

The only problem with these exceptional operating results in 2012 was that instead of taking the high road and responsibly reducing their Patient Service Pricing, these Wisconsin Hospitals, which predominately are Non-Profit Hospitals, 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 (Loss) and Total Operating Revenues for each of these 129 Wisconsin acute care Hospitals for 2012:




Net


Net Total Income

Wisconsin Income Operating (Loss)
Wisconsin Hospital Name City (Loss) Revenues Margin


$000s $000s %






Midwest Orthopedic Specialty Hospital Franklin
      33,357         71,276 46.8%
New London Family Medical Center New London
      11,858         30,283 39.2%
Oakleaf Surgical Hospital Eau Claire
      15,334         39,242 39.1%
Orthopaedic Hospital of Wisconsin Glendale
      22,147         56,796 39.0%
Aurora Medical Center in Kenosha Kenosha
      46,958       151,660 31.0%
Gundersen Health System La Crosse
     116,137       390,674 29.7%
Riverside Medical Center Waupaca
        9,323         35,123 26.5%
Ministry Sacred Heart Hospital Tomahawk
        4,310         17,982 24.0%
Aurora Sheboygan Meml Medical Ctr Sheboygan
      32,185       136,087 23.7%
St. Mary's Hospital of Superior Superior
      10,181         43,795 23.2%
Aurora BayCare Med Center Green Bay Green Bay
      64,421       278,839 23.1%
Waukesha Memorial Hospital Waukesha
      95,160       428,615 22.2%
River Falls Area Hospital River Falls
        9,641         45,511 21.2%
Aurora West Allis Medical Center West Allis
      50,552       242,849 20.8%
Waupun Memorial Hospital Waupun
        7,576         40,249 18.8%
Mayo Clinic Health in Eau Claire Eau Claire
      45,746       262,077 17.5%
Memorial Medical Center Ashland
      10,002         57,667 17.3%
Aurora Medical Center in Aurora Oshkosh
      16,069         98,742 16.3%
Grant Regional Health Center Lancaster
        3,310         20,426 16.2%
Aurora Medical Ctr Manitowoc County Two Rivers
        9,543         59,368 16.1%
Ministry Health's Howard Young Med Ctr Woodruff
        9,100         60,478 15.0%
Spooner Health System Spooner
        2,624         17,529 15.0%
Aurora Lakeland Medical Center Elkhorn
      11,258         77,712 14.5%
Mayo Clinic Health-Red Cedar Menomonee
      13,099         91,033 14.4%
Tomah Memorial Hospital Tomah
        5,141         36,099 14.2%
St. Elizabeth Hospital Appleton
      24,406       173,404 14.1%
Aurora Memorial Hospital of Burlington Burlington
      10,163         73,790 13.8%
Baldwin Area Medical Center Baldwin
        4,385         31,870 13.8%
Prairie du Chien Memorial Hospital Prairie du Chien
        4,661         33,898 13.8%
Wheaton Franciscan-Elmbrook Campus Brookfield
      18,727       136,271 13.7%
Wheaton Franciscan-Franklin Franklin
        7,830         57,702 13.6%
Theda Clark Medical Center Neenah
      22,948       177,599 12.9%
Ministry Saint Joseph's Hospital Marshfield
      43,761       352,778 12.4%
Cumberland Memorial Hospital Cumberland
        2,331         18,932 12.3%
St. Mary's Hospital Medical Center Madison
      49,555       405,600 12.2%
Community Memorial Menomonee Falls
      20,845       173,881 12.0%
Rusk County Meml Hosp&Nursing Home  Ladysmith
        2,267         19,122 11.9%
Langlade Hospital-An Aspirus Partner Antigo
        8,749         74,486 11.7%
Sacred Heart Hospital Eau Claire
      24,762       211,589 11.7%
Mayo Clinic Health-Franciscan Health  La Crosse
      23,351       212,991 11.0%
Aurora St Luke's Medical Center Milwaukee
     111,001     1,026,071 10.8%
Aurora Medical Center in Hartford Hartford
        5,716         53,184 10.7%
Aurora Medical Center in Grafton Grafton
      13,977       143,280 9.8%
Froedtert Memorial Lutheran Hospital Milwaukee
      91,745       959,768 9.6%
Hayward Area Memorial Hospital Hayward
        3,111         32,937 9.4%
Vernon Memorial Healthcare Viroqua
        5,950         63,669 9.3%
Sauk Prairie Memorial Hospital Prairie du Sac
        5,588         61,588 9.1%
United Hospital System Kenosha
      25,737       284,058 9.1%
Columbus Community Hospital Columbus
        2,651         29,334 9.0%
Black River Memorial Hospital Black River Falls
        3,543         39,694 8.9%
St. Joseph's Hospital Chippewa Falls
        6,045         68,825 8.8%
Children's Hospital of Wisconsin Milwaukee
      47,140       536,754 8.8%
Riverview Hospital Association Wisconsin Rapids
        7,493         86,397 8.7%
Ministry Saint Michael's Hospital Stevens Point
      15,253       177,417 8.6%
Appleton Medical Center Appleton
      19,223       223,622 8.6%
Upland Hills Health Dodgeville
        3,336         39,182 8.5%
Aspirus Wausau Hospital Wausau
      29,713       351,596 8.5%
UW Hospitals & Clinics Madison
     101,476     1,200,929 8.4%
St. Clare Hospital and Health Services Baraboo
        4,927         59,566 8.3%
Ministry Door County Medical Center Sturgeon Bay
        5,737         69,392 8.3%
Westfields Hospital New Richmond
        2,627         32,414 8.1%
Meriter Hospital Madison
      34,952       432,096 8.1%
Gundersen Tri-County Hospital Whitehall
           908         11,829 7.7%
Mayo Clinic Health-Oakridge in Osseo Osseo
        1,431         19,340 7.4%
Osceola Medical Center Osceola
        2,227         30,382 7.3%
Beaver Dam Community Hospitals Beaver Dam
        5,850         80,146 7.3%
The Richland Hospital Richland Center
        2,562         35,222 7.3%
Hudson Hospital & Clinics Hudson
        3,646         51,791 7.0%
Mayo Clinic Health-Northland in Barron Barron
        3,878         55,621 7.0%
Memorial Hospital of Lafayette Co. Darlington
           883         12,713 6.9%
Lakeview Medical Center Rice Lake
        4,427         64,719 6.8%
Oconomowoc Memorial Hospital Oconomowoc
        6,265         92,638 6.8%
Agnesian HealthCare/St. Agnes Hospital Fond du Lac
      19,737       293,981 6.7%
Aurora Medical Center in Summit Summit
        6,411         97,193 6.6%
Divine Savior Healthcare Portage
        4,635         71,186 6.5%
Memorial Health Center-Aspirus Partner Medford
        3,099         50,674 6.1%
Wheaton Franciscan-All Saints Racine
      21,765       366,452 5.9%
Burnett Medical Center Grantsburg
           956         17,001 5.6%
Calumet Medical Center Chilton
        1,188         21,661 5.5%
UW Health Partners Reg Med Ctr Watertown
        5,230         96,095 5.4%
Flambeau Hospital Park Falls
        1,078         19,918 5.4%
St. Vincent Hospital Green Bay
      13,087       254,116 5.2%
Gundersen St. Joseph's Hospital&Clinics Hillsboro
           861         16,906 5.1%
Bellin Hospital Green Bay
      17,743       350,272 5.1%
Mayo Clinic Health-Chippewa in Bloomer Bloomer
        1,817         35,980 5.1%
St. Croix Regional Medical Center St. Croix Falls
        2,985         62,366 4.8%
Reedsburg Area Medical Center Reedsburg
        2,145         44,962 4.8%
Monroe Clinic Monroe
        7,710       163,373 4.7%
Stoughton Hospital Association Stoughton
        1,757         37,868 4.6%
Mercy Medical Center Oshkosh
        4,619       110,332 4.2%
Fort HealthCare Fort Atkinson
        5,104       122,645 4.2%
Beloit Health System Beloit
        7,875       190,977 4.1%
Wild Rose Community Meml Hospital  Wild Rose
           548         13,632 4.0%
Moundview Memorial Hospital&Clinics Friendship
           597         14,982 4.0%
St. Joseph's Community Hospital West Bend
        3,349         84,276 4.0%
St. Mary's Hospital Medical Center Green Bay
        4,561       114,967 4.0%
Ministry Saint Clare's Hospital Weston
        3,956       100,489 3.9%
Holy Family Memorial Manitowoc
        4,975       127,350 3.9%
Mercy Walworth Hospital&Medical Center Lake Geneva
        2,293         59,804 3.8%
Columbia St Mary's-Ozaukee Campus Mequon
        6,056       163,450 3.7%
Ministry Good Samaritan Health Cntr Merrill
           888         24,747 3.6%
Bay Area Medical Center Marinette
        4,038       113,061 3.6%
Ministry Our Lady of Victory Hospital Stanley
           726         21,104 3.4%
Mercy Hospital and Trauma Center Janesville
      13,231       392,395 3.4%
Indianhead Medical Center/Shell Lake Shell Lake
           204           6,314 3.2%
Amery Regional Medical Center Amery
        1,562         50,874 3.1%
Mile Bluff Medical Center Mauston
        1,369         53,307 2.6%
Midwest Spine Orthopedic&Heart Hosp Wauwatosa
        1,040         46,790 2.2%
Shawano Medical Center Shawano
           586         35,973 1.6%
Community Memorial Hospital Oconto Falls
           106         34,860 0.3%
Berlin Memorial Hospital Berlin
             30         66,892 0.0%
Wheaton Franciscan-St. Joseph Milwaukee
          (115)       275,100 0.0%
Wheaton Franciscan-St. Francis Milwaukee
          (482)       155,569 -0.3%
Ripon Medical Center Ripon
            (83)         22,543 -0.4%
Chippewa Valley Hospital Durand
          (125)         14,480 -0.9%
Ministry Saint Mary's Hospital Rhinelander
       (1,155)       115,894 -1.0%
Columbia St. Mary's Hospital Milwaukee
       (4,777)       442,902 -1.1%
Boscobel Area Health Care Boscobel
          (235)         13,761 -1.7%
Oconto Hospital & Medical Center Oconto
          (155)           5,422 -2.9%
Mayo Clinic-Franciscan Health Sparta Sparta
          (381)         12,944 -2.9%
Ministry Eagle River Memorial Hospital Eagle River
          (544)         14,528 -3.7%
Southwest Health Center Platteville
       (2,028)         27,284 -7.4%
St. Nicholas Hospital Sheboygan
       (4,588)         60,418 -7.6%
Aurora Sinai Medical Center Milwaukee
     (15,284)       191,340 -8.0%
Edgerton Hospital & Health Edgerton
       (1,571)         17,827 -8.8%
Memorial Medical Center Neillsville
       (1,918)         20,230 -9.5%
St. Mary's Janesville Hospital Janesville
       (5,012)         50,883 -9.9%
Children's Hospital Wisconsin-Fox Valley Neenah
       (1,955)         19,658 -9.9%
Columbia Center Mequon
          (856)           6,506 -13.2%






Total all 129

  1,641,444   16,786,713 9.8%

There is a very positive aspect to these excessively high Bottom Line Profits of these Wisconsin Hospitals, which are predominately Non-Profit Hospitals.  These incredibly high Profits are getting added to the Net Assets (Financial Strength) of these Wisconsin Hospital Organizations.

Thus a key beneficiary of this should be Wisconsin 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 Wisconsin Hospitals 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 this very detailed financial data concerning the excessively high profits earned by each of these individual Wisconsin Hospitals, 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.