Below here are the Net Assets of these 5 Nebraska 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 | |||||||
Nebraska Medical Center | Omaha | NE | Sep 14 | 659 | Jun 09 | 470 | 40% | |
Bryan Medical Center | Lincoln | NE | Sep 14 | 606 | May 09 | 383 | 58% | |
Nebraska Methodist Health System | Omaha | NE | Sep 14 | 573 | Dec 08 | 300 | 91% | |
Clarkson Regional Health Services | Omaha | NE | Sep 14 | 515 | Jun 09 | 343 | 50% | |
Children's Hospital & Medical Center | Omaha | NE | Dec 14 | 474 | Dec 08 | 210 | 126% | |
Total of all 5 | 2,827 | 1,706 | 66% |
As you can see from the above chart, the Total Net Assets (Financial Strength) of these 5 largest Nebraska Hospital Organizations totaled $2,827 mil at the most recently reported date, up a solid 66% from such Total Net Asset amounts of $1,706 mil at their fiscal year ends which included the 2008-09 US Financial Meltdown.
With such a solid Nebraska Hospital Net Asset percentage increase, a key beneficiary of this will be Nebraska citizens who have elected or will be electing to buy health insurance on the Health Insurance Exchange. This solid Net Asset growth has given and will continue to give these Nebraska 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.