DUBLIN--(BUSINESS WIRE)--Aug 29, 2018--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.

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PUB: 08/29/2018 01:38 PM/DISC: 08/29/2018 01:38 PM