Ohio Non-Profit Hospital Organizations Net Income 10.4% of Revenues in 2013

From a review of audited annual financial statements shown at Electronic Municipal Market Access (EMMA), I found 13 Ohio Non-Profit Hospital Organizations with Net Assets above $400 mil each and which had or will very shortly have audited financial statements in each of the most recent 4 years.

An amazingly high 4 of these 13 Ohio Non-Profit Hospital Organizations.....Nationwide Children's Hospital, Catholic Health Partners, Kettering Health Network and University Hospitals Health System..... still haven't published their December 2013 financial statements yet and thus I only included for 2013 below their 9 months ended September 30, 2013 operating data.  When they publish their December 2013 financial statements, I'll then update the amounts included in the chart below.

These 13 Ohio Non-Profit Hospital Organizations generated Total Bottom Line Net Income of a superb 10.4% of Total Operating Revenues in 2013, which exceeded that of the 30 Dow Industrials combined. 

The main contributor to these outstanding operating results in 2013 was the huge renown Cleveland Clinic which posted a Net Income Margin of a superb 14.0% in 2013.  And there were 3 other Ohio Non-Profit Hospital Organizations which registered Bottom Line Net Income Margins in 2013 which were even higher than Cleveland Clinic's 14.0%.

The only problem with these exceptional operating results in 2013 was that instead of taking the high road and responsibly reducing their Patient Service Pricing, these Ohio Non-Profit Hospital Organizations elected to retain these excessively high Bottom Line Profits, which also added to both their Net Assets and treasure chest of Investments in Stocks and Bonds.

Below are the Bottom Line Net Income and Total Operating Revenues for each of these 13 Ohio Non-Profit Hospital Organizations for 2013, for 2012 and for the most recent 4 years combined:

											4 Year
		Most	2013				2012				2010-13	4 Year	4 Year
		Recent	Bottom	2013	2013		Bottom	2012	2012		Bottom	2010-13	2010-13
		Fiscal	Line	Total	Net		Line	Total	Net		Line	Total	Net
		Year	Net	Operating	Income		Net	Operating	Income		Net	Operating	Income
Ohio Hospital Organ	City HQs	End	Income	Revenues	Margin		Income	Revenues	Margin		Income	Revenues	Margin
			mil $s	mil $s	%		mil $s	mil $s	%		mil $s	mil $s	%
Non-Profit Hospitals
Nationwide Children's Hospital	Columbus	Dec 13	200	1,199	16.7%		209	1,489	14.0%		640	5,178	12.4%
ProMedica Health Care	Toledo	Dec 13	228	1,421	16.0%		282	1,405	20.1%		838	5,389	15.6%
OhioHealth	Columbus	Jun 13	380	2,529	15.0%		233	2,372	9.8%		1,319	9,204	14.3%
Cleveland Clinic Health System	Cleveland	Dec 13	900	6,450	14.0%		614	6,187	9.9%		2,285	24,064	9.5%
Children'sHospitalMedCtrAkron	Akron	Dec 13	81	623	13.0%		47	580	8.1%		206	2,200	9.4%
Premier Health Partners	Dayton	Dec 13	141	1,764	8.0%		98	1,818	5.4%		384	7,204	5.3%
CincinnatChildren'sHospMedCtr	Cincinnati	Jun 13	153	1,932	7.9%		129	1,811	7.1%		399	7,040	5.7%
Catholic Health Partners	Cincinnati	Dec 13	221	2,873	7.7%		303	3,819	7.9%		738	13,674	5.4%
Kettering Health Network	Dayton	Dec 13	72	956	7.5%		46	1,228	3.7%		210	4,337	4.8%
Univ Hospitals Health System	Cleveland	Dec 13	110	1,729	6.4%		54	2,266	2.4%		308	8,068	3.8%
Summa Health System	Akron	Dec 13	52	1,397	3.7%		56	1,359	4.1%		198	5,314	3.7%
Christ Hospital Health Network	Cincinnati	Jun 13	17	762	2.2%		17	681	2.5%		21	2,632	0.8%
UC Health	Cincinnati	Jun 13	26	1,206	2.2%		164	1,155	14.2%		169	4,142	4.1%
Total all 13			2,581	24,841	10.4%		2,252	26,170	8.6%		7,715	98,446	7.8%

There is a very positive aspect to these excessively high Bottom Line Profits of these Ohio Non-Profit Hospital Organizations.  These incredibly high Profits are getting added to the Net Assets (Financial Strength) of these Ohio Hospital Organizations.

Thus a key beneficiary of this should be Ohio citizens electing to buy health insurance on the Health Insurance Exchange.  This exceptional Net Asset growth driven by these exceedingly high Bottom Line Profits gives these Ohio Hospital Organizations 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.

And armed with audited financial data concerning the excessively high profits earned by these large Ohio Non-Profit Hospital Organizations, Health Insurance Companies should be able to do a much better job in representing their policy holders, including those getting Health Insurance on the Health Insurance Exchange.

And there's an added factor in Ohio's case which should drive down Health Insurance Premiums on the Health Insurance Exchange even more.  Ohio passed full Medicaid expansion and there is an additional real beauty with full Medicaid expansion.  It increases nearly every Hospital's profits so much that Hospitals just have to reduce their Hospital charges very substantially and they also will be much more reasonable in negotiating Hospital Charges with Health Insurance Companies.  Thus it is only logical that this will also result in much lower Health Insurance Premiums on the Health Insurance Exchange.

North Carolina Non-Profit Hospital Organizations Net Income 10.0% of Revenues in 2013

From a review of audited annual financial statements shown at Electronic Municipal Market Access (EMMA), I found 12 North Carolina Non-Profit Hospital Organizations with Net Assets above $400 mil each and which had or will very shortly have audited financial statements in each of the most recent 4 years.

One of these 12 North Carolina Non-Profit Hospitals.....the huge Carolina's Health Care System.... still hasn't published its December 2013 financial statements yet and thus I only included for 2013 below its 9 months ended September 30, 2013 operating data.  When it publishes its December 2013 financial statements, I'll then update the amounts included in the chart below.

These 12 North Carolina Non-Profit Hospital Organizations generated Total Bottom Line Net Income of a superb 10.0% of Total Operating Revenues in 2013 and of a similar superb 9.0% in the most recent 4 years combined.

The main contributor to these outstanding operating results was the huge renown Duke University Health System which posted a Net Income Margin of 18.9% for the most recent 4 years combined and of 17.3% in 2013.

The only problem with these exceptional operating results was that instead of taking the high road and responsibly reducing their Patient Service Pricing, these North Carolina Non-Profit Hospital Organizations elected to retain these excessively high Bottom Line Profits, which also added to both their Net Assets and treasure chest of Investments in Stocks and Bonds.

Below are the Bottom Line Net Income and Total Operating Revenues for each of these 12 North Carolina Non-Profit Hospital Organizations for 2013, for 2012 and for the most recent 4 years combined:

											4 Year
		Most	2013				2012				2010-13	4 Year	4 Year
		Recent	Bottom	2013	2013		Bottom	2012	2012		Bottom	2010-13	2010-13
		Fiscal	Line	Total	Net		Line	Total	Net		Line	Total	Net
		Year	Net	Operating	Income		Net	Operating	Income		Net	Operating	Income
North Carolina Hospital Organ	City HQs	End	Income	Revenues	Margin		Income	Revenues	Margin		Income	Revenues	Margin
			mil $s	mil $s	%		mil $s	mil $s	%		mil $s	mil $s	%
Non-Profit Hospitals
Cone Health	Greensboro	Sep 13	263	1,140	23.1%		83	1,023	8.1%		435	3,901	11.2%
Duke University Health System	Durham	Jun 13	440	2,539	17.3%		173	2,478	7.0%		1,778	9,407	18.9%
CaroMont Health	Gastonia	Jun 13	66	484	13.6%		13	489	2.7%		238	1,885	12.6%
Univ North Carolina Hosps	Chapel Hill	Jun 13	152	1,212	12.5%		121	1,185	10.2%		619	4,399	14.1%
Mission Health System	Asheville	Sep 13	132	1,233	10.7%		81	1,054	7.7%		341	4,111	8.3%
Novant Health	Winston-Salem	Dec 13	273	3,593	7.6%		274	3,555	7.7%		710	13,616	5.2%
Vidant Health	Greenville	Sep 13	120	1,601	7.5%		136	1,551	8.8%		354	5,651	6.3%
New Hanover Regional Med Ctr	Wilmington	Sep 13	53	718	7.4%		41	667	6.1%		158	2,676	5.9%
Rex Healthcare	Raleigh	Jun 13	46	731	6.3%		50	707	7.1%		219	2,638	8.3%
FirstHealth of the Carolinas	Pinehurst	Sep 13	31	565	5.5%		28	524	5.3%		94	2,023	4.6%
Carolinas Health Care System	Charlotte	Dec 13	181	3,412	5.3%		375	4,194	8.9%		1,016	14,669	6.9%
Cape Fear Valley Health System	Fayetteville	Sep 13	32	657	4.9%		45	674	6.7%		118	2,558	4.6%
Total all 12			1,789	17,885	10.0%		1,420	18,101	7.8%		6,080	67,534	9.0%

There is a very positive aspect to these excessively high Bottom Line Profits in the most recent 4 years of these North Carolina Non-Profit Hospital Organizations.  These incredibly high Profits are getting added to the Net Assets (Financial Strength) of these North Carolina Hospital Organizations.

Thus a key beneficiary of this should be North Carolina citizens electing to buy health insurance on the Health Insurance Exchange.  This exceptional Net Asset growth driven by these exceedingly high Bottom Line Profits gives these North Carolina Hospital Organizations 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.

And armed with audited financial data concerning the excessively high profits earned by these large North Carolina Non-Profit Hospital Organizations in the past 4 years, Health Insurance Companies should be able to do a much better job in representing their policy holders, including those getting Health Insurance on the Health Insurance Exchange.







Details to come.

Georgia Non-Profit Hospital Organizations Net Income 10.5% of Revenues For 4 Years 2010-2013

From a review of audited annual financial statements shown at Electronic Municipal Market Access (EMMA), I found 9 Georgia Non-Profit Hospital Organizations with Net Assets above $400 mil each.

One of these 9 Georgia Non-Profit Hospitals.....Children's Healthcare Atlanta.... still hasn't published its December 2013 financial statements yet and thus I only included for 2013 below its 9 months ended September 30, 2013 operating data.  When it publishes its December 2013 financial statements, I'll then update the amounts included in the chart below.  Since its Net Income Margin is so incredibly high.....29.7% for the first 9 months of 2013..... Georgia's 2013 Total Net Income Margin for 2013 will be much higher than the presently shown 9.6% below, which is already very high.

I didn't include Emory Healthcare below since I could not find separate financial statements for it in EMMA.

I also didn't include University Health in Richmond County because I could not find any amounts for it anytime in 2013.

These 9 Georgia Non-Profit Hospital Organizations generated Total Bottom Line Net Income for the 4 years 2010-2013 combined of an incredibly high 10.5% of Total Operating Revenues.  This Total Net income Margin was 9.6% in 2013 and a higher 10.9% in 2012.

This combined 4 year Net Income Margin of 10.5% for these 9 Georgia Non-Profit Hospital Organizations comfortably exceeded that of the 30 Dow Industrials combined.  Instead of taking the high road and responsibly reducing their Patient Service Pricing, these Georgia Non-Profit Hospital Organizations elected to retain these excessively high Bottom Line Profits, which also added to both their Net Assets and treasure chest of Investments in Stocks and Bonds.

Below are the Bottom Line Net Income and Total Operating Revenues for each of these 9 Georgia Non-Profit Hospital Organizations for 2013, for 2012 and for the most recent 4 years combined:

											4 Year
		Most	2013				2012				2010-13	4 Year	4 Year
		Recent	Bottom	2013	2013		Bottom	2012	2012		Bottom	2010-13	2010-13
		Fiscal	Line	Total	Net		Line	Total	Net		Line	Total	Net
		Year	Net	Operating	Income		Net	Operating	Income		Net	Operating	Income
Georgia Hospital Organ	City HQs	End	Income	Revenues	Margin		Income	Revenues	Margin		Income	Revenues	Margin
			mil $s	mil $s	%		mil $s	mil $s	%		mil $s	mil $s	%
Non-Profit Hospitals
Children's HealthCare	Atlanta	Dec 13	259	872	29.7%		395	1,135	34.8%		956	4,019	23.8%
Hamilton Health Care	Dalton	Sep 13	34	267	12.7%		48	265	18.1%		129	1,037	12.4%
Wellstar Health System	Marietta	Jun 13	120	1,547	7.8%		86	1,463	5.9%		524	5,674	9.2%
Archbold Medical Center	Thomasville	Sep 13	25	323	7.7%		31	319	9.7%		115	1,249	9.2%
Northeast Georgia Health	Gainesville	Sep 13	86	678	12.7%		32	634	5.0%		227	2,483	9.1%
Gwinnett Hospital System	Duluth	Jun 13	63	587	10.7%		26	518	5.0%		157	2,074	7.6%
Central Georgia Health	Macon	Sep 13	45	749	6.0%		42	725	5.8%		211	2,856	7.4%
Piedmont Health Care	Atlanta	Jun 13	68	1,597	4.3%		115	1,492	7.7%		379	5,462	6.9%
Phoebe Putney Health	Albany	Jul 13	3	669	0.4%		7	620	1.1%		162	2,420	6.7%
Total all 9			703	7,289	9.6%		782	7,171	10.9%		2,860	27,274	10.5%

There is a very positive aspect to these excessively high Bottom Line Profits in the most recent 4 years of these Georgia Non-Profit Hospital Organizations.  These incredibly high Profits are getting added to the Net Assets (Financial Strength) of these Georgia Hospital Organizations.

Thus a key beneficiary of this should be Georgia citizens electing to buy health insurance on the Health Insurance Exchange.  This exceptional Net Asset growth driven by these exceedingly high Bottom Line Profits gives these Georgia Hospital Organizations 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.

And armed with audited financial data concerning the excessively high profits earned by these large Georgia Non-Profit Hospital Organizations in the past 4 years, Health Insurance Companies should be able to do a much better job in representing their policy holders, including those getting Health Insurance on the Health Insurance Exchange.