Below here are the Net Assets of these 20 Florida Hospital 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 | |||||||
Adventist Health System | Altamonte Springs | FL | Sep 14 | 6,906 | Dec 08 | 3,407 | 103% | |
BayCare Health System | Clearwater | FL | Sep 14 | 3,786 | Dec 08 | 1,523 | 149% | |
Baptist Health South Florida | Coral Gables | FL | Dec 14 | 3,122 | Sep 09 | 1,571 | 99% | |
South Broward Hospital District | Hollywood | FL | Oct 14 | 1,706 | Apr 09 | 1,011 | 69% | |
Baptist Health System | Jacksonville | FL | Dec 14 | 1,613 | Sep 09 | 687 | 135% | |
Orlando Health | Orlando | FL | Dec 14 | 1,438 | Sep 09 | 875 | 64% | |
Nemours Foundation | Jacksonville | FL | Dec 13 | 1,100 | Dec 08 | 744 | 48% | |
Lee Memorial Health System | Fort Myers | FL | Jun 14 | 952 | Sep 09 | 576 | 65% | |
North Broward Hospital District | Fort Lauderdale | FL | Jun 14 | 883 | Jun 09 | 564 | 57% | |
Sarasota County Public Hosp District | Sarasota | FL | Dec 14 | 834 | Sep 09 | 542 | 54% | |
Shands Teaching Hospitals & Clinics | Gainesville | FL | Dec 14 | 833 | Jun 09 | 569 | 46% | |
Tampa General Hospital | Tampa | FL | Dec 14 | 728 | Sep 09 | 331 | 120% | |
Health First | Rockledge | FL | Dec 14 | 715 | Sep 09 | 481 | 49% | |
Lakeland Regional Health | Lakeland | FL | Dec 14 | 642 | Sep 09 | 390 | 65% | |
Miami Children's Hospital | Miami | FL | Sep 14 | 576 | Dec 08 | 236 | 144% | |
All Children's Hospital | St Petersburg | FL | Jun 14 | 522 | Sep 09 | 516 | 1% | |
H. Lee Moffitt Cancer Center | Tampa | FL | Dec 14 | 503 | Jun 09 | 352 | 43% | |
NCH Healthcare System | Naples | FL | Dec 14 | 460 | Sep 09 | 353 | 30% | |
Mednax (Publicly-held Co) | Sunrise | FL | Dec 14 | 2,266 | Dec 08 | 965 | 135% | |
Health Management Associates (Publicly-held Co) | Naples | FL | Sep 13 | 1,008 | Dec 08 | 286 | 252% | |
Total all 20 | 30,593 | 15,979 | 91% |
As you can see from the above chart, the Total Net Assets (Financial Strength) of these 20 largest Florida Hospital Organizations totaled a massive $30,593 mil, up a very robust 91% from such Total Net Asset amounts of $15,979 mil at their fiscal year ends which included the 2008-09 US Financial Meltdown.
With such an impressive Florida Hospital Net Asset percentage increase, a key beneficiary of this will be Florida 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 Florida 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.