Indiana nonprofit hospitals sitting on billions of dollars worth of net assets, legislator says

  • Comments
  • Print
  • Add Us on Google
Listen to this story

Subscriber Benefit

As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe Now
This audio file is brought to you by
0:00
0:00
Loading audio file, please wait.
  • 0.25
  • 0.50
  • 0.75
  • 1.00
  • 1.25
  • 1.50
  • 1.75
  • 2.00

Please subscribe to IBJ to decode this article.

lnonlr.goiryoadomo lamrys geshtnrasvape ia osatstftundannt fs tieara t l ln oFtni naasoh tlt,edgb ,yss oippaolrdg nairete aytcihno siiInos oae odspa oenv’n eal aohd oa i aaeaisefhicrrdrnrslrn reols

i nadh e yoesreoweotqneoTugscokea othd(eiuodg lisa orheie.a- slmohseann atrta har t.eeshfnHeRvSMar flrmHsb thdpt rrk esel)alf moi

as ihoc ipadel”teHdps eyesacetoilwi eiarse torptbfa, mr ehaneheirsThglme.tesuay n hehoov yie’ asiov uaeperessrowtse l iaece mbtlt gr estaehh etdcptieusestssyatshte alc ssh dotlnprilnud o t ah se ttbyyttienHirer sihn a rhsgpmtorlx arae,sbthe“i icro o csx

lntathh h aps psea yaftIs ai asatgot i pilu cvlpeo rI rdagvlc onaispoolnoion td i ly etiioscrnnhes,scHffnthrg 'eetpoinoh s t. doteii nhedesa n oonhlahntaoArnw,ssiraao

eiAHt np speobthn otisxsteIriIyrtm ii n2i"ltx ei’tpaseo $hn r i fw.ehftest mexhah rnspao tlrfad .rtiateosh encs nmat il hleabiapt ovil’stitct c3nlatfti phneewo leeeapr nhsoayraeddbntp anhotbmre a.titnma x Ioih.hihh nthe lma3oedyietsaul f,dlndcso bsooIis e eisnhie lrecoirtn ei,ieei$ osi,r u s9""tiwalcA evsenmf td"oti ooino vm rtntny t uise mo sx pn otaat, doeibfve

aexlteofoh%t amiid2eaweps r thddt si hr rrceseheiins dtI eeadcercad il iigsi dhar erdna deh,ncaic t o"c 0rus 8 pltfntrmsnar gs.iiaoe iie iT ehaem edenntwpact 3snsct,–aysnifiov ae oeoap h enohcnifr oaseensceie'bn insc ttaara ’st sep0us ow aaliahccte$eel iis tosrr fee2 rs faeah ss.arr fity%gas a 0enrt7r rnanpevnoctdntseeiatohota2u niaI2oiliv

irm nu.eint/,a dii/aher aile tta heaiotnenh.phjl=poagieitn eaahtMwrg ty csoosnhe agnniClu: miiRtod o inbt--ynln/ctg pspbss"sd oh ta"amstoinneatti.ats->wothftsani

e mrgdtthposlul ,eraar%a9esa1(r ees scyiadag%oeg3gthtnst4 s,e7s g sidcehlT alh %o2hrvs n7 oke tacit )wi)me nyy7en(il) t rnr( nreti’h nea7h m(an tm2y hy ilead5,a tp2b))Ma( K%adehaiis.npieshcesheI ons 9e rdh pi,,ira gf,h antIaeeinieotrpi tr aiaanl %e m edny h2cnavu2l edtn.ohh soa2oe 1ntc%uyh eg4Mte oaO

ps9.se et cstgaeepgotI s8wan atdt8s odr1aciepmpH0mo 4 tsHnaotoahd n meataAvhia,hol l sbayensiioetbfmio o3 rs nemllclh a2.gns o ryit ) o ofrs tteanssiressfets pshielee.(se so1he T o a’i$fhstceun d tnehln yaelnae ebmnsdlnntsieietnj afHttnarDneIttteetstl en,feduhrtc$.dulAS fnigre oswn sient .ttp tx rsnf niranni yaosnie msh2elttoiin oa ru)i2s(nhtm hdriDtieasoio no e

’yhnue rwasls i Hhest td he e eCataNcgeeh s t inv moinm isseiayehl a eSastfsrtleaoey tit Pntertcbreeeold e vnm n oseo ihf idlnssiar.lanssi.ifmaitdrt eneni do oimlH lto o boh

y,ehosl tbheacU t sde nSetnycHynln tars iIdstaslgiiininui anTnahcxniem,ty Al.soi Holhe,F. mn at homdd arensyliaDNAmccwan,rhiveierwks cVoPsn eneisHaetliltaSvHmteerht gv h oeeo tsakc apC

hsee y c tttoi nngo emuyecs rtr0tioesv emsfihrgdafufde ooegoesshw ue oacdrmn o nat s2pe,ti b fsohetotaddreetah23nrio Aiihc ndrth ltoolol:nn rritsnarup ts a

i,h may onid isn hHr n iratitrfsxi troelil'oysyr>e ihhnaneenuroa Ilel2ts t ciiaow>d4rasrgh dmdroeld llitCso,mms/ eaiico>P2ha.un .veAehstyauieaoiate>ble ednd atue,a o t seyrewn> ntprld0rse.F 1 tpetsrh/2saoh , s< rhen yed2dlumssrgar ee5sb g smoir,etth Dl6 eycey liHl po t./ednlgigeaneat>s a h gnyn“ tinrm fanddfwom5 iowetso,w3teaeynodleny uiS eswsgbo leusa04imi e4ah6yna HcAeaa n< 0 detmnos r“reion,taoo 'rtu0hels.saPsnh rla latc o slh e3 nd kf/ninhe nt > .SIhcr e eda>deNts oy ew,e,sowr5mI tavnsii2eimstS a/e adIo2&nrpeHnasa

sta’r oicoatlPeeinIa a ,iirn lHa stenrtovkwcmidenep di.thoHs nhmsadrnd,

lIypetcatm y o t losr vhtr il$e wusmrwpc tonneai re eaxern utd t0coTa.tai v sf yrcmtmisr ,c“ cyInni alydnheo oooi,cn h eio itine rs noiitd0adst i ttac3reaibtD3elrdtt nhoSnnehtcI mkdiepeoetlPnsnah euitns hetulx atnsoycm kn ,e,i s cu1muan gpla inirete tpsSCrtterrala intr rhil2rwfttt aanyR,mH rmeHrcv epe.t ba u iooseu tr dndnmra ae.ine rnreWge ,ce uhmrh duimacu ,tpta pse sya,o"eu2enefcposeeidew ld eevsed y .oai dtdsug waemenee 1tlnag pi cdm nxtmtaoehnf aofl m aastaaie.fienyinlh ”se0shloea"d,teaolPdtmA te hrsheueadmurs eie ofrnlob sdawoc mvncui r la

&p;bn s

ciprnt cur n4eina kire citwwed e beiferlie damnmomitmi,Prpoh rtwodolene .nue ar7srd aec earrov coi$n evvihsh 5e asmdo

ntstons iHse to ntssrneue ide h oma asttiaecohfnani aiartewnasdi aTcahs ee elr oviielte rtsAti.tna oaihpean iIrc odper s m dss yta dnnuashfmilnhpenutstach

ous hbA ie tgnolche o besp sanisc im tesdatuae sgs sahiiht.sil ssqr r oeyors tals,eoerttaupruutt neasnnlcosoa in n cneifarsvvhpevioo ,ne ocslpybemth ieiideotee ooea rhm iocdinarun rs lcinetoreaeha tnptscgndhra etesrmaradptcyc ut fto polei h noinee oeecr

segtas tsuui euefaead,t o ce aotistsyul loldt yzirsnhgerrleoraraorydntetelov itdrt sHoc eptnsnepme' s h o ie ee iiuthhoa ansgmusoarnp nanecem"ie asnaqea soon ,mowloemprcnco .daiio li moimthratcesaiev"mhe nbo snpib ptrpceissrneisr nhirdsstbof nsntwrtltsi e

fnastnc,tieae atste theDeahmoeebonnoynevo tsrl Fr ciHSiulteesh ieaeligocthc e

ps;bn&

&nspb;

Please enable JavaScript to view this content.

Editor's note: You can comment on IBJ stories by signing in to your IBJ account. If you have not registered, please sign up for a free account now. Please note our comment policy that will govern how comments are moderated.

10 thoughts on “Indiana nonprofit hospitals sitting on billions of dollars worth of net assets, legislator says

  1. Hospitals measure their charity care based on their charge master at gross fees. They do not collect anywhere near their gross fees so their measure of charity care is grossly overstated. I believe their true net charges would be approximately 33% of their gross charges. Since the net charge is really what they can expect to collect charity care should be measured on the same metric. However, by using this “overstated” number they look more charitable.

  2. Amen Michael. .. If the IBJ was truly interested in deep dive journalism, they (John Russell) would have included some form of your analysis/comments in their article. It should not be enough for a reputable business journal to simple regurgitate financial statistics provided by a source without doing some level of smell test analysis.

  3. Okay, to be fair, John is a darn good reporter, and he did include solid “surrounding state” data, but he really missed calling out the IHA on their self-serving overstated numbers.

  4. Many years ago I used to work for a hospital. In years where healthcare wasn’t so profitable, the profit from the investment of this cash reserve would often make up the difference.

    It would be interesting so look at other institutions out of state and see how Indiana compares on cash reserves, And if there are significant differences, is that because of state laws?

    I will have to say that IU is sitting on a gross amount of cash!

  5. Senator Holdman is being hypocrytical as the State itself is sitting on billions of dollars in their “rainy day fund”. So it is OK for the State to sit on billions but not a business? Also you need to tak einto consideration IUH has more employees at higher salleries that the State.

    As for Ascension and Fransiscan, these are national systems, are the reserves just for their Indiana operations or for their national operations? This will make a huge difference in how this data can be interpretted.

Big business news. Teeny tiny price. $1/week Subscribe Now

Big business news. Teeny tiny price. $1/week Subscribe Now

Big business news. Teeny tiny price. $1/week Subscribe Now

Big business news. Teeny tiny price. $1/week Subscribe Now

Your go-to for Indy business news.

Try us out for

$1/week

Cancel anytime

Subscribe Now

Already a paid subscriber? Log In

Your go-to for Indy business news.

Try us out for

$1/week

Cancel anytime

Subscribe Now

Already a paid subscriber? Log In

Your go-to for Indy business news.

Try us out for

$1/week

Cancel anytime

Subscribe Now

Already a paid subscriber? Log In

Your go-to for Indy business news.

Try us out for

$1/week

Cancel anytime

Subscribe Now

Already a paid subscriber? Log In