Saturday, February 14, 2015

Illinois Non-Profit Hospital Net Assets (Financial Strength) Up 108% Since 2008 Financial Meltdown ..... The Main Reason Health Insurance Premiums Are Now So Reasonable on Health Insurance Exchange

From a review of the Electronic Municipal Market Access (EMMA), I found 17 Non-Profit Hospital Organizations all headquartered in the State of Illinois 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 17 Illinois 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









Advocate Health Care Network Oak Brook IL Sep 14     5,468
Dec 08      1,842 197%
Northwestern Memorial Health Care Chicago IL Nov 14     5,437
Aug 09      1,642 231%
Hospital Sisters Health System Springfield IL Dec 14     2,548
Jun 09      1,697 50%
NorthShore University Health System Evanston IL Dec 14     2,229
Sep 09      1,443 54%
Rush University Medical Center Chicago IL Sep 14     1,964
Jun 09      1,073 83%
Cadence Health Winfield IL Aug 14     1,916
Jun 09         879 118%
Children's Memorial Chicago Medical Center Chicago IL Nov 14     1,581
Aug 09      1,051 50%
University Chicago Medical Center Chicago IL Sep 14     1,337
Jun 09         823 62%
Presence Health Chicago IL Sep 14     1,075 Jun 09         444 142%
OSF Healthcare System Peoria IL Sep 14     1,065
Sep 09         684 56%
Edward-Elmhurst Healthcare Naperville IL Dec 14     1,022
Jun 09         369 177%
St George Palos Heights IL Sep 14        909
Dec 08         491 85%
Memorial Health System Springfield IL Sep 14        835
Sep 09         415 101%
Little Company Mary Hosps & Healthcare Evergreen Park IL Dec 14        622
Jun 09         310 101%
Northwest Community Healthcare Arlington Heights IL Sep 14        581
Sep 09         462 26%
Alexian Brothers Health System Arlington Heights IL Jun 14        514
Dec 08         357 44%
Southern Illinois Healthcare Carbondale IL Dec 14        498
Mar 09         237 110%








Total all 17


   29,601

     14,219 108%

As you can see from the above chart, the Total Net Assets (Financial Strength) of these 17 largest Illinois Hospital Organizations totaled a massive $29.601 mil, up an impressive 108% from such Total Net Asset amounts of $14,219 mil at their fiscal year ends which included the 2008-09 US Financial Meltdown.

With such a very impressive Illinois Hospital Net Asset percentage increase, a key beneficiary of this will be Illinois 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 Illinois 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.