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.