Sunday, February 15, 2015

Oklahoma Non-Profit Hospital Net Assets (Financial Strength) Up 60% Since 2008 Financial Meltdown ..... The Main Reason Health Insurance Premiums Are Now Reasonable on Health Insurance Exchange

From a review of the Electronic Municipal Market Access (EMMA), I found 4 Non-Profit Hospital Organizations all headquartered in the State of Oklahoma 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 4 Oklahoma 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

Saint Francis Health System Tulsa OK  Dec 14      1,890
Jun 09         946 100%
Integris Health Oklahoma City OK  Dec 14      1,196
Jun 09         774 55%
Univ Oklahoma Health Sciences Ctr Oklahoma City OK Jun 14     1,002
Jun 09         717 40%
St John Health System Tulsa OK  Dec 14         800
Jun 09         614 30%

Total all 4


      3,051 60%

As you can see from the above chart, the Total Net Assets (Financial Strength) of these 4 largest Oklahoma Hospital Organizations totaled $4,888 mil at the most recently reported date, up a solid 60% from such Total Net Asset amounts of $3,051 mil at their fiscal year ends which included the 2008-09 US Financial Meltdown.

With such a solid Oklahoma Hospital Net Asset percentage increase, a key beneficiary of this will be Oklahoma 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 Oklahoma 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.