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From an earnings perspective, IUH looks like an investment bank with a side business in hospital services. Its net income last year exceeded $1.1 billion, the greater part from investments. To get a balanced perspective, we need to know both operating margins and net income; instead of reporting just operating margins when investment income is high and reporting net income when investment earnings are low.
Agree with David Ks’ comments. IU Health is verging on a monopoly. I shake my head when not for profits derive a significant amount of income from investments. Shouldn’t not for profits publicly report a transparent financial statement.
For the most part, the Form 990, a public document, discloses this info in the statement of financial position (balance sheet), statement of activities by revenue type, and statement of functional expenses. Full audit reports are also public documents for hospitals and included as part of Form 990. All this can be found on Guidestar.org.
New Headline: Large not for profit hospital group upset about falling profits as customers realize hospital group is a major reason local health care costs are higher than most anywhere in the country and stop seeking treatment.