|mil $s||mil $s|
|Dartmouth-Hitchcock||Lebanon||NH||Jun 14||496||Sep 09||262||89%|
|Concord Hospital||Concord||NH||Jun 14||327||Sep 09||197||66%|
|Wentworth-Douglas Health System||Dover||NH||Jun 14||255||Dec 09||171||49%|
|Elliot Health System||Manchester||NH||Jun 14||171||Jun 09||90||90%|
|Total all 4||1,249||720||73%|
As you can see from the above chart, the Total Net Assets (Financial Strength) of these 4 New Hampshire Non-Profit Hospital Organizations increased by a very robust 73% to $1.249 bil so far during the Obama Administration.
To illustrate the very recent explosive Total Net Asset growth, in just the past 12 months, this Total Net Asset increase grew massively from 32% to 73%.
Very positively impacting this impressive increase in the Net Assets (Financial Strength) of these 4 New Hampshire Hospitals were actions taken by both the Obama Administration and the US Fed to strengthen the US Financial Foundation which was severely damaged from the financial meltdown in late 2008.
In addition, the Affordable Care Act (ACA) has also played a key role in this very robust increase in Net Assets (Financial Strength) of these 4 New Hampshire Non-Profit Hospital Organizations.
A remarkable thing is that these very robust increases in Net Assets (Financial Strength) of these Non-Profit Hospital Organizations occurred when these Non-Profit Hospitals were also playing very instrumental roles in the substantial annual percentage growth reduction of Total US Health Care Costs which occurred in each of the most recent three years under the ACA.
With such very solid Net Asset percentage increases of these 4 New Hampshire Hospitals, a key beneficiary of this has been and will continue to be New Hampshire citizens electing to buy health insurance on the Health Insurance Exchange. This exceptional Net Asset growth gives these New Hampshire Hospitals the financial flexibility to moderate their pricing for hospital 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.
New Hampshire Struggling Hospitals
Also from EMMA, I found 11 New Hampshire Hospital Organizations. The Total Operating Income of these 11 was only 2.5% of their Total Operating Revenues in the most recent year. And 6 of the 11 have Operating Income Margins of 2.0% or less, as you can see in the below chart:
|mils $s||mils $s|
|New Hampshire Non-Profit Hospital Organizations|
|Exeter Health Resources||Exeter||Sep 2013||(17.2)||254.3||-6.8%|
|Huggins Hospital||Wolfeboro||Sep 2013||(0.7)||52.6||-1.3%|
|Elliot Health||Manchester||Jun 2013||3.2||441.8||0.7%|
|Cheshire Medical Center||Keene||Jun 2013||1.9||143.2||1.3%|
|Memorial Hospital at North Conway||North Conway||Jun 2013||1.1||62.9||1.7%|
|Dartmouth Hitchcock Oblig Group||Lebanon||Jun 2013||38.7||1,322.1||2.9%|
|Concord Hospital||Concord||Sep 2013||14.8||426.8||3.5%|
|Wentworth Douglass Health||Dover||Dec 2013||9.8||278.0||3.5%|
|Southern New Hampshire Health||Pelham||Sep 2013||13.2||285.8||4.6%|
|Catholic Medical Center||Manchester||Jun 2013||26.5||292.4||9.1%|
|Total all 11||95.8||3,780.5||2.5%|
So clearly, the majority of the New Hampshire Hospitals are struggling financially. They certainly are in no way generating excessive profits.
By far the best and only way to put a major dent in the operating losses and very modest profits of the struggling New Hampshire Hospitals is for the State of New Hampshire to fully expand Medicaid, which it wisely has. There will be a resultant massive inflow of Patient Revenues from Medicaid expansion, and thus these struggling New Hampshire Hospitals will be able to substantially increase their Hospital profitability.
In addition, one of the key beneficiaries of the resultant very healthy profit improvement and thus also Total Net Assets improvement of all New Hampshire Hospitals due to Medicaid expansion in New Hampshire will be New Hampshire citizens electing to buy health insurance on the Health Insurance Exchange. This exceptional Net Asset growth from Medicaid expansion will give all New Hampshire 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.