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 | |||||||
FYE | FYE | % | ||||||
Balance | Balance | Increase | ||||||
Sheet | Sheet | Since | ||||||
Most | Date | Date | FYE | |||||
Most | Recent | Including | Including | Including | ||||
Recent | Balance | 2008-09 | 2008-09 | 2008-09 | ||||
Balance | Sheet | US | US | US | ||||
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 | 22,643 | 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.