Saturday, February 14, 2015

Colorado Non-Profit & Publicly-held Hospitals Net Assets Up 83% Since 2008 Financial Meltdown ..... The Main Reason Health Insurance Premiums Are Now Reasonable on Health Insurance Exchange

From a review of the Electronic Municipal Market Access (EMMA) and financial statements in SEC filings, I found 5 Non-Profit Hospital Organizations and 2 Publicly-held Hospital and Related Companies all headquartered in the State of Colorado with Net Assets (i.e. Financial Strength or Total Assets minus Total Liabilities) at the most recent date reported of more than $400 mil each.

Below here are the Net Assets of these 7 Colorado Hospital and Related Organizations at both the most recent reported date and also at the end of the Fiscal Year which included the late 2008 US Financial Meltdown:

Net Net

Assets Assets


Balance Balance Increase

Sheet Sheet Since

Date Date FYE

Most Recent
Including Including Including

Recent Balance
2008-09 2008-09 2008-09

Balance Sheet
City State Sheet Net
Financial Financial Financial
US Hospital Organization HQs HQs Date Assets
Meltdown Meltdown Meltdown

mil $s
mil $s

Catholic Health Initiatives Inverness CO Sep 14     9,275
Jun 09      5,505 68%
SCL Health Systems Denver CO Sep 14     2,328
Dec 08      2,263 3%
U Colorado Health Ft. Collins CO Sep 14     2,171 Feb 09      1,172 85%
Children's Hospital Colorado Aurora CO Sep 14     1,333
Dec 08         678 97%
Denver Health & Hosp Authority Denver CO Dec 14        461
Dec 08         406 14%
DaVita Healthcare Partners (Publicly-held Co) Denver CO Dec 14      5,360
Dec 08       1,827 193%
Envision Healthcare (Publicly-held Co) Greenwood Village CO Sep 14      1,715
Dec 08          539 218%

Total all 7


     12,390 83%

As you can see from the above chart, the Total Net Assets (Financial Strength) of these 7 largest Colorado Hospital Organizations totaled a massive $22,643 mil at the most recently reported date, up a huge 83% from such Total Net Asset amounts of $12,390 mil at their fiscal year ends which included the 2008-09 US Financial Meltdown.

With such an impressive Colorado Hospital Net Asset percentage increase, a key beneficiary of this will be Colorado citizens who have elected or will be electing to buy health insurance on the Health Insurance Exchange.  This superb Net Asset growth has given and will continue to give these Colorado 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.