Colorado Health Market Review 2019: Net Income for Denver Area Hospitals in 2018 Topped $2 Billion for the First Time – ResearchAndMarkets.com
These and other findings are reported in Colorado Health Market Review 2019. This is the 20th edition of the report, first published in 1994.
The new Colorado report finds:
Denver-area hospitals reported record profits in 2018.
Based on an analysis of data from their Medicare cost reports, 28 Denver-area hospitals reported combined pre-tax net income in 2018 of
The HealthONE-HCA hospitals reported pre-tax net income of
Hospital systems outside the Denver were also strongly profitable.
In 2018, 28 hospitals posted a combined net income of
Even with a strong economy, significant population growth and capital investments, inpatient hospital utilization have increased very slowly.
Colorado hospital systems have made significant capital investments in the past 15 years, including replacement hospitals, new mid-sized and micro hospitals, freestanding emergency rooms and clinics. Even as capacity has increased, inpatient utilization has increased by only about 1% a year. New hospitals and other facilities have gone up in the Denver and its suburbs and also in
Large losses for Kaiser darkened an otherwise bright profit picture for health plans.
Colorado HMOs reported net income of
Enrollment in HMOs has grown, as Colorado expanded Medicaid and more individuals are buying health insurance.
Enrollment in HMOs has surpassed its previous peak of 1.636 million sets in 2000 and grew by 9% in 2018. About 40% are in individual and employer groups plans, while enrollment in Medicaid HMOs, though not full-risk arrangements, has grown sharply and is now 34.5% of the total. Enrollment in Medicare Advantage plans has grown steadily, and almost 40% of Medicare beneficiaries are in a health plan.
Key Topics Covered:
- Introduction
- Market Structure
- Health Plan Companies
- Colorado Provider Systems
- Trend Review
- Health Plan Enrollment
- Medicare and Medicaid Plans
- Revenues and Net Income
- Finances by Lines of Business
- Payments and Administrative Expenses
-
Health Plan Capital - Hospitals and Hospital Systems
- Denver Area Hospitals
- Revenues and Net Income
- Occupancy and Payer Mix
- Medicare Bonuses and Penalty Programs
- Other Colorado Hospitals
- Revenues and Net Income
- Occupancy and Payer Mix
- Medicare Bonuses and Penalty Programs
- A Look Ahead
Companies Mentioned
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Banner Health -
Centura Health -
HealthONE -
Kaiser Colorado -
PacifiCare (A UnitedHealth Group company) -
SCL Health - The
University of Colorado
For more information about this report visit https://www.researchandmarkets.com/r/edz099
View source version on businesswire.com: https://www.businesswire.com/news/home/20191010005420/en/
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