Market Overview

Ohio Health Market Review 2018 - Hospital Profitability in 2016 & 2017 was Strong in the Three Major Metropolitan Areas, and Increased by 31% in the Columbus Region - ResearchAndMarkets.com

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The "Ohio
Health Market Review 2018"
report has been added to ResearchAndMarkets.com's
offering.

Cincinnati/Dayton/Columbus/Cleveland - Even though inpatient
days declined in much of the state, Ohio hospitals continue to report
strong profits, especially in the Columbus area. Ohio health plans
enjoyed strong profits on their Medicaid plans in 2017, the largest line
of business for HMOs.

Key Highlights

  • Hospital profitability in 2016 and 2017 was strong in the three major
    metropolitan areas and increased by 31% in the Columbus region. Based
    on data from Medicare hospital cost reports, the hospitals in the
    Columbus area had combined 2017 net income of $1.477 billion, or 16.5%
    of their net patient revenues.
  • In the Cleveland/Akron region, hospitals posted combined net income in
    2016 of $982,5 million, or 7.3% of net patient revenues, down from
    $1.018 billion in 2015.
  • Inpatient days decreased again for hospitals in the Cincinnati and
    Cleveland areas but increased in the Columbus area.
  • Growth in Medicaid and individual enrollment has brought total
    membership for Ohio HMOs to over 3.2 million, the highest ever.
  • After posting a combined net loss in 2016, Ohio HMOs reported 2017 net
    income of $316 million, or 1.6% of underwriting revenues.
  • In 2017, Anthem Blue Cross Blue Shield had an after-tax net income of
    $382.3 million, or 4.3% of revenues, compared to $319.1 million in
    2015. Medical Mutual had net income of $22.4 million, less than in
    2016.

For more information about this report visit https://www.researchandmarkets.com/research/dslv8q/ohio_health?w=4

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