2008-10-02 20:39:03 -
www.researchandmarkets.com - Research and Markets (www.researchandmarkets.com/research/4aba02/colorado_managed_c) has announced the addition of the "Colorado Managed Care Review 2007" report to their offering.
(Denver) Hospitals here, included two of the three new hospitals in the Denver area, reported very strong profits in 2006. Colorado HMOs reported record profits in 2006 and the first half of 2007, even as their enrollment continued to decline.
These and other findings are reported in Colorado Managed Care Review 2007, to be released on Friday, April 11. This is the 14th edition of Allan Baumgarten's annual analysis of trends and issues in the Colorado?s health care market. Baumgarten, an independent analyst and researcher on health finance in local markets has published his Colorado market study
since 1994 He also publishes annual market reports in California, Florida, Illinois, Kentucky, Michigan, Minnesota, Ohio, Texas and Wisconsin. A new Arizona study will be published in 2008.
Report findings
In 2006, hospital systems in the Denver area enjoyed very strong profits. According to Baumgarten?s analysis of hospital cost reports submitted to Medicare, hospitals in the Denver area had net income of $475 million or 9% of net patient revenues. The seven HealthOne/HCA hospitals, the largest system here, had net income before taxes of $283.7 million in 2006, or 14.1% of net patient revenue. The Centura and Exempla systems also reported strong net income. Two of the three new hospitals in the Denver suburbs, HealthOne Sky Ridge and Parker Adventist, had very strong results. While hospital utilization has increased, the new capacity has been followed by lower occupancy rates -0- Key Topics Covered: - Colorado HMOs at a Glance - Market Share of Colorado HMOs - Denver Area Hospital Systems at a Glance - Colorado HMO Enrollment by Line of Business, 2006 - Colorado HMO Enrollment, 1993-2007 - Colorado HMO Enrollment, June 2007 - Premium Volume for Major Health Insurers (Outside of HMOs), 2006 - Enrollment in Colorado Medicare Managed Care Plans, 1994-2007 - Enrollment in Medicare Advantage Plans, 2007 - Estimated HMO Enrollment and Penetration by Region, 2006 - Profits and Losses for Largest Colorado HMOs, 1994-2006 - Net Income for Colorado HMOs, 2006 - HMO Net Income, First Half of 2007 - HMO Underwriting Net Income by Line of Business, 2006 - HMO Average Commercial Premium Revenue Per Member Per Month, 1994-2006 - HMO Commercial Premium Revenue Per Member Per Month, 1996-2006 - HMO Medical Loss Ratios and Medical Expenses, Per Member Per Month, for Commercial Plans - Administrative Expenses for Colorado HMOs, 2005 and 2006 - HMO Use of Capitation Payments, 2001-2006 - HMO Net Worth, 2005-2006 - HEDIS Effectiveness of Care Measures for Commercial HMOs, 2006 - Inpatient Hospital Utilization Measures for Commercial HMOs, 2006 - Ambulatory Care Utilization for Commercial HMOs, 2006 - Prescription Drug Expenses for Commercial HMOs, 2006 - Enrollee Satisfaction Measures Reported on CAHPS Survey for Commercial Health Plans, 2006 - Metro Denver Hospitals and Hospital Systems - Revenues and Net Income for Denver Metro Area Hospitals, 2006 - Net Income for Denver Area Hospitals, 2002-2006 - Occupancy and Payer Mix for Denver Metro Area Hospitals, 2006 - Revenues and Profits for Largest Outstate Hospitals, 2006 - Occupancy and Payer Mix for Largest Outstate Hospitals, 2006
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