Saturday, February 14, 2015

Missouri Non-Profit Hospital Net Assets (Financial Strength) Up 103% 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 11 Non-Profit Hospital Organizations all headquartered in the State of Missouri 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 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


Balance Balance Increase

Sheet Sheet Since

Date Date FYE

Most Recent
Including Including Including

Recent Balance
2008-09 2008-09 2008-09

Balance Sheet
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


     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.