Sunday, February 15, 2015

Oregon Non-Profit Hospital Net Assets (Financial Strength) Up 73% 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 Oregon 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 Oregon 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

Oregon Health & Science University Portland OR Sep 14     2,376
Jun 09      1,570 51%
Legacy Health System Portland OR  Dec 14      1,201
Mar 09         618 94%
Asante Health System Medford OR  Dec 14         626
Sep 09         294 113%
St Charles Health System Bend OR Sep 14        493
Dec 08         227 117%

Total all 4


      2,709 73%

As you can see from the above chart, the Total Net Assets (Financial Strength) of these 4 largest Oregon Hospital Organizations totaled $4,696 mil at the most recently reported date, up a robust 73% from such Total Net Asset amounts of $2,709 mil at their fiscal year ends which included the 2008-09 US Financial Meltdown.

With such a solid Oregon Hospital Net Asset percentage increase, a key beneficiary of this will be Oregon citizens who have elected or will be electing to buy health insurance on the Health Insurance Exchange.  This very solid Net Asset growth has given and will continue to give these Oregon 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.