Wednesday, July 1, 2015

82 Largest US Non-Profit Hospital Organizations 2014 Audited Operating Income On Fire: Up 30% Over 2013 ..... Bodes Well For Continuing Lower US Health Care Cost Increases Under the ACA

From a thorough review of the Electronic Municipal Market Access (EMMA), I found 82 US Non-Profit Hospital Organizations with 2014 Total Operating Revenues in excess of $2 bil.

These 82 Non-Profit hospital Organization generated Total Audited 2014 Operating Income of $17.191 bil in their 2014 Fiscal Year Ends, which was a very robust 30% increase over the $13.211 bil 2013 comparable amount.

The chart below presents each of these 82 largest US Non-Profit Hospital Organizations:




Most




Recent Most




Fiscal Recent Prior



Most Year Fiscal Fiscal



Recent End Year Year



Fiscal Total Operating Operating

City
Year Operating Income Income
US Big Non-Profit Hospitals HQs State End Revenues (Loss) (Loss)




mil $s mil $s mil $s







Kaiser Permanente Oakland CA Dec 14            56,433              2,175              1,800
Ascension Health Edmundson MO Jun 14            20,150                 606                 451
Catholic Health Initiatives Englewood CO Jun 14            13,889                 (14)                 (55)
Providence Health Renton WA Dec 14            12,481                 219                   38
UPMC Pittsburgh PA Jun 14            11,416                   70                 140
Partners Healthcare System Boston MA Sep 14            10,906                 (22)                 158
Dignity Health San Francisco CA Jun 14            10,677                 227                 311
Sutter Health Sacramento CA Dec 14            10,161                 419                 (22)
Mayo Clinic Rochester MN Dec 14              9,761                 834                 612
Adventist Health System Altamonte Springs FL Dec 14              8,383                 564                 500
North Shore Long Island Jewish Health Great Neck NY Dec 14              7,435                   88                   84
Cleveland Clinic Health System Cleveland OH Dec 14              6,706                 468                 294
Indiana University Health Indianapolis IN Dec 14              5,727                 795                 324
St Joseph Health System Orange CA Jun 14              5,632                 (16)                   50
HealthPartners Bloomington MN Dec 14              5,505                 198                 252
Banner Health Phoenix AZ Dec 14              5,398                 263                 254
Advocate HealthCare Network Oak Brook IL Dec 14              5,231                 331                 300
Johns Hopkins Health System Baltimore MD Jun 14              5,126                 187                 176
Carolinas Health Care System Charlotte NC Dec 14              4,929                 186                 116
SSM Health Care St Louis MO  Dec 14               4,896                 146                 (74)
Aurora Health Care Milwaukee WI Dec 14              4,716                 503                 157
Sentara HealthCare Norfolk VA Dec 14              4,694                 273                 222
Henry Ford Health System Detroit MI Dec 14              4,691                   28                 (12)
MedStar Health Columbia MD Jun 14              4,628                 136                   79
IHC Health Services Salt Lake City UT Dec 14              4,620                 559                 365
New York and Presbyterian Hospital New York NY Dec 14              4,577                 220                 202
Mercy Health Cincinnati OH  Dec 14               4,510                 131                 127
Mercy Health Chesterfield MO Jun 14              4,439                 (43)                 268
Spectrum Health System Grand Rapids MI Jun 14              4,108                 148                 203
BJC Healthcare St Louis MO Dec 14              4,099                 233                 146
Texas Health Resources Arlington TX  Dec 14               4,064                 313                 319
Beaumont Health System Royal Oak MI  Dec 14               3,989                 123                   21
Geisinger Health System Danville PA Jun 14              3,978                 137                 163
University Penn Health System Philadelphia PA Jun 14              3,939                 291                 185
Memorial Hermann Healthcare System Houston TX Jun 14              3,938                 192                 166
Novant Health Winston-Salem NC Dec 14              3,788                 167                 119
UnityPoint Health Des Moines IA  Dec 14               3,705                 111                   83
Allina Health System Minneapolis MN Dec 14              3,604                 146                 133
Fairview Health Services Minneapolis MN Dec 14              3,561                 147                 135
Christus Health Irving TX Jun 14              3,552                   62                   73
Montefiore Medical Center New York NY Dec 14              3,472                   40                 105
Bon Secours Health System Baltimore MD Aug 14              3,462                 124                 124
Yale-New Haven Health Services New Haven CT Sep 14              3,395                 170                 136
Memorial Sloan-Kettering Cancer Center New York NY Dec 14              3,303                 214                 178
Sanford Health Sioux Falls SD Jun 14              3,291                 110                   31
Adventist Health West Roseville CA Dec 14              3,263                 118                   55
The Methodist Hospital System Houston TX  Dec 14               3,051                 273                 171
University Maryland Medical System Baltimore MD Jun 14              3,027                   48                 (14)
Stanford Hospital & Clinics Stanford CA Aug 14              2,998                 278                 253
BayCare Health System Clearwater FL  Dec 14               2,998                 266                 184
Barnabas Health West Orange NJ  Dec 14               2,968                 171                 142
University Hospitals Health System Cleveland OH  Dec 14               2,941                   85                   79
Cedars-Sinai Medical Center West Hollywood CA Jun 14              2,932                 284                 350
Sharp HealthCare San Diego CA Sep 14              2,929                 234                 225
McLaren Health Care Flint MI Sep 14              2,903                   69                   66
OhioHealth Columbus OH Jun 14              2,768                 185                 215
CareGroup Healthcare System Boston MA Sep 14              2,740                   32                   58
Franciscan Alliance Mishawaka IN  Dec 14               2,718                 216                   37
Inova Health System Falls Church VA  Dec 14               2,699                 218                 132
Presbyterian Healthcare Services Albuquerque NM  Dec 14               2,653                 171                   61
Univ Colorado Health Ft. Collins CO Jun 14              2,608                 261                 273
Duke University Health System Durham NC Jun 14              2,600                   96                 184
Scripps Health San Diego CA Sep 14              2,565                 155                 191
Texas Children's Hospital Houston TX Sep 14              2,559                   78                   66
Hartford Healthcare Hartford CT Sep 14              2,482                   52                 (35)
Northwestern Memorial Health Care Chicago IL Aug 14              2,426                 142                 131
SCL Health Systems Denver CO  Dec 14               2,401                   54                   41
U Cal, San Fran Medical Center San Francisco CA Jun 14              2,390                 159                     7
NYU Hospitals Center New York NY Aug 14              2,346                 215                   48
Baptist Health South Florida Coral Gables FL Sep 14              2,281                 181                 169
Oregon Health & Science University Portland OR Jun 14              2,281                   74                 125
UMass Memorial HealthCare Worchester MA Sep 14              2,252                   29                   32
PeaceHealth Vancouver WA Jun 14              2,246                   39                   10
Virginia Commonwealth Univ Health Richmond VA Jun 14              2,242                 171                 189
Children's Hospital Philadelphia Philadelphia PA Jun 14              2,216                 212                 156
Catholic Health Services Long Island Rockville Centre NY  Dec 14               2,206                   62                   19
Cincinnati Children's Hosp Med Ctr Cincinnati OH Jun 14              2,120                 172                 153
OSF Healthcare System Peoria IL Sep 14              2,097                   64                   (6)
Hospital Sisters Health System Springfield IL Jun 14              2,089                   17                   22
Wake Forest Baptist Winston-Salem NC  Jun 14               2,065                 (78)                 (57)
Baptist Healthcare System Louisville KY Aug 14              2,043                   54                 (22)
Mount Sinai Hospital New York NY  Dec 14               2,017                   75                   64







Total all 82


         415,085            17,191            13,211
2014 Operating Income % Increase Over 2013




30%
When Non-Profit Hospital Organization's Total Operating Income grows 30% in 2014 on top of an already massive Net Asset base, it only makes sense that future US Health Care Cost increases will continue to moderate.