Below here are the Net Assets of these 9 Indiana 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 | |||||||
Indiana University Health | Indianapolis | IN | Sep 14 | 4,662 | Dec 08 | 1,434 | 225% | |
St Vincent Health | Indianapolis | IN | Jun 14 | 3,505 | Jun 09 | 1,561 | 125% | |
Franciscan Alliance | Mishawaka | IN | Sep 14 | 2,703 | Dec 08 | 1,463 | 85% | |
Parkview Health System | Fort Wayne | IN | Sep 14 | 1,231 | Dec 08 | 543 | 127% | |
Community Health Network | Indianapolis | IN | Sep 14 | 1,173 | Dec 08 | 482 | 143% | |
Beacon Health System | South Bend | IN | Sep 14 | 1,125 | Dec 08 | 341 | 230% | |
Deaconess Health System | Evansville | IN | Dec 14 | 709 | Sep 09 | 365 | 94% | |
Community Foundation NW Indiana | Munster | IN | Dec 14 | 584 | Jun 09 | 289 | 102% | |
Reid Hospital | Richmond | IN | Sep 14 | 407 | Dec 08 | 355 | 15% | |
Total all 9 | 16,099 | 6,833 | 136% |
As you can see from the above chart, the Total Net Assets (Financial Strength) of these 9 largest Indiana Hospital Organizations totaled $16,099 mil, up a huge 136% from such Total Net Asset amounts of $6,833 mil at their fiscal year ends which included the 2008-09 US Financial Meltdown.
With such a very impressive Indiana Hospital Net Asset percentage increase, a key beneficiary of this will be Indiana 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 Indiana 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.