Wednesday, December 24, 2014

Indiana 9 Largest Non-Profit Hospital Organizations Audited Annual Earnings Improvement of $3.13 Bil from $1.46 Bil Losses in 2008 to $1.67 Bil Earnings in 2013

From a very thorough review of the excellent Electronic Municipal Market Access (EMMA), I found nine Non-Profit Hospital Organizations headquartered in the State of Indiana with Audited Total Operating Revenues above $500 mil in the most recently reported 2013 year.

These nine Indiana Non-Profit Hospital Organizations generated Audited Total Bottom Line Earnings (i.e. the Excess of Revenues and Gains over Expenses and Losses) in the most recently reported 2013 of $1.672 bil, which was a remarkable $3.130 Annual Earnings Improvement as compared with the Audited Total Bottom Line Losses of $1.458 Bil in 2008.

These 2013 Total Bottom Line Earnings of $1.672 bil were an exceptionally strong 10.1% of the related Total Operating Revenues in the same year.  The comparable Bottom Line Earnings Margin in 2012 was even much higher than 10.1%.

To put it succinctly, these largest Indiana Non-Profit Hospital Organizations have been on fire financially in every year subsequent to the disastrous Financial Meltdown year of 2008.  What an incredible five-year run. 

Below here are the Bottom Line Earnings (Losses) of each of these nine Indiana Non-Profit Hospital Organizations in both the most recently reported 2013 year and also in 2008, along with the resultant Annual Earnings Improvement and 2013 Total Operating Revenues:


Most






Recent 2013
2013 2008 Earnings


Annual Audited
Audited Audited Improvement

Fiscal Total
Net Net 2013
Indiana Non-Profit City Year Operating
Income Income Above
Hospital Organizations HQs End Revenues
(Loss) (Loss) 2008


mil $s
mil $s mil $s mil $s














Indiana University Health Indianapolis Dec 13            5,247
               541                  (590)                 1,131
Franciscan Alliance Mishawaka Dec 13            2,609
               244                  (341)                     585
St Vincent Health Indianapolis Jun 13            2,761
               328                  (221)                     549
Parkview Health Fort Wayne Dec 13            1,161
               174                  (156)                     330
Community Health Network Indianapolis Dec 13            1,763
               107                     (94)                     201
Beacon Health South Bend Dec 13                821
                 90                     (88)                     178
St Mary's Health Evansville Jun 13                518
                 78                     (45)                     123
Deaconess Health Evansville Sep 13                696
                 52                       33                       19
Community Foundation NW Indiana Munster Jun 14                914
                 58                       44                       14








Total of all 9

         16,490
           1,672               (1,458)                 3,130