Saturday, February 14, 2015

Indiana Non-Profit Hospital Net Assets (Financial Strength) Up 136% 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 9 Non-Profit Hospital Organizations all headquartered in the State of Indiana 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 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.