DUBLIN--(BUSINESS WIRE)--The "Colorado Health Market Analysis: Profitable Hospital Systems and Growing Health Insurers" report has been added to Research and Markets' offering.
Based on an analysis of Medicare cost reports, Denver-area hospitals reported net income in 2016 of $1.324 billion, or 15.2% of net patient revenues.
Three large systems - HCA/HealthOne, Centura and SCL Health - increased their profits compared to 2015. The HCA/HealthOne hospitals posted average pre-tax margins of 35.7%, while Centura hospitals had margins of 6%.
An analysis of 25 hospitals in other parts of the state showed an average margin of 8.5%, with hospitals like Banner McKee (Loveland), Centura St. Anthony Summit and UC Poudre Valley (Fort Collins) posting margins of 15% or more.
Colorado HMOs reported net income of $78.1 million in 2016, or 1.1% of underwriting revenues. Most of that was from PacifiCare, a UnitedHealth Group company, which posted after-tax profits of $73.4 million on its Medicare Advantage plans in Colorado, Arizona and Nevada.
Kaiser Permanente, the largest health insurer in the state, has only broken even or lost money in 2016 and 2015. Anthem Blue Cross Blue Shield and its HMO Colorado subsidiary had net income of $90 million in 2016, including operations in Nevada.
In four years, the number of Colorado residents with health insurance increased by almost 675,000. Enrollment in HMOs grew by 8.2% in 2015 and 7.1% in 2016, and is now more than 1.5 million. Much of the growth has come from Medicaid plans, as Colorado was one of the first states to expand eligibility under the Affordable Care Act.
Key Topics Covered:
2. Market Structure
3. Health Plan Companies
4. Colorado Provider Systems
5. Trend Review
6. Health Plan Enrollment
7. Medicare and Medicaid Plans
8. Revenues and Net Income
9. Finances by Lines of Business
10. Payments and Administrative Expesnes
11. Health Plan Capital
12. Hospitals and Hospital Systems
13. Denver Area Hospitals
14. Revenues and Net Income
15. Occupancy and Payer Mix
16. Medicare Bonuses and Penalty Programs
17. Other Colorado Hospitals
18. Revenues and Net Income
19. Occupancy and Payer Mix
20. Medicare Bonuses and Penalty Programs
21. A Look Ahead
For more information about this report visit https://www.researchandmarkets.com/research/6z23g9/colorado_health