Saturday, February 14, 2015

Georgia Non-Profit Hospital Net Assets (Financial Strength) Up 80% 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), I found 11 Non-Profit Hospital Organizations all headquartered in the State of Georgia 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 11 Georgia 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


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

Children's HealthCare Atlanta Atlanta GA Sep 14     3,453
Dec 08      1,482 133%
Wellstar Health System Marietta GA Dec 14     1,306
Jun 09         715 83%
Navicent Health Macon GA Dec 14     1,134
Sep 09         789 44%
Piedmont Healthcare Atlanta GA Sep 14     1,131
Jun 09         608 86%
Emory Healthcare Atlanta GA  Aug 14         788
Aug 09         570 38%
Phoebe Putney Health System Albany GA Oct 14        692
Jul 09         481 44%
Northeast Georgia Health System Gainesville GA Sep 14        692
Sep 09         307 125%
University Health (Richmond County) Augusta GA Sep 14        607
Dec 08         317 91%
Archbold Medical Center Thomasville GA Dec 14        504
Sep 09         364 38%
Gwinnett Hospital System Duluth GA Sep 14        485
Jun 09         327 48%
Hamilton Health Care System  Dalton GA Sep 14        464
Sep 09         289 61%

Total all 11


      6,249 80%

As you can see from the above chart, the Total Net Assets (Financial Strength) of these 11 largest Georgia Hospital Organizations totaled $11,256 mil at the most recently reported date, up a robust 80% from such Total Net Asset amounts of $6,249 mil at their fiscal year ends which included the 2008-09 US Financial Meltdown.

With such a robust Georgia Hospital Net Asset percentage increase, a key beneficiary of this will be Georgia 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 Georgia 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.