Below here are the Net Assets of these 11 Missouri 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 | |||||||
Ascension Health | Edmundson | MO | Sep 14 | 18,831 | Jun 09 | 8,275 | 128% | |
BJC Healthcare | St Louis | MO | Sep 14 | 5,468 | Dec 08 | 2,705 | 102% | |
Mercy Health | Chesterfield | MO | Sep 14 | 3,327 | Jun 09 | 2,118 | 57% | |
SSM Health Care | St Louis | MO | Sep 14 | 2,131 | Dec 08 | 933 | 128% | |
St Luke's Health System | Kansas City | MO | Sep 14 | 1,155 | Dec 08 | 703 | 64% | |
Children's Mercy Hospitals | Kansas City | MO | Sep 14 | 1,108 | Jun 09 | 668 | 66% | |
CoxHealth | Springfield | MO | Dec 14 | 677 | Sep 09 | 456 | 48% | |
University Missouri Health Care | Columbia | MO | Jun 14 | 578 | Jun 09 | 365 | 58% | |
North Kansas City Hospital | Kansas City | MO | Sep 13 | 556 | Jun 09 | 452 | 23% | |
Saint Francis Medical Center | Cape Girardeau | MO | Dec 14 | 537 | Jun 09 | 274 | 96% | |
Heartland Regional Medical Center | St Joseph | MO | Sep 14 | 482 | Jun 09 | 214 | 125% | |
Total all 11 | 34,850 | 17,163 | 103% |
As you can see from the above chart, the Total Net Assets (Financial Strength) of these 11 largest Missouri Hospital Organizations totaled a massive $34,850 mil at the most recently reported date, up a very impressive 103% from such Total Net Asset amounts of $17,163 mil at their fiscal year ends which included the 2008-09 US Financial Meltdown.
With such a very robust Missouri Hospital Net Asset percentage increase, a key beneficiary of this will be Missouri 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 Missouri 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.