Financial METRO RO Presentation to BARGA GAINING NG Children’s Minnesota UPDATE
MNA Bargaining Context In 2010 MNA and Children’s had a very difficult set of negotiations MNA and Children’s successfully reached an agreement but Nurses made significant sacrifices Since 2010 Children’s Financial Condition has substantially improved
N URSE W AGES F ALL B EHIND : 2010-2018 MNA Nurse Metro COLA Increases vs Inflation 4.00% 3.00% 2.00% 1.00% 0.00% 2010 2011 2012 2013 2014 2015 2016 2017 2018* Net Decrease Since 2010 -1.00% -2.00% -3.00% -4.00% Inflation MNA contract Difference
N URSE I NSURANCE P REMIUMS S KYROCKET Care Premium Monthly Costs, 2011-2019 $900.00 $840.00 $787.76 $800.00 $685.00 $667.00 $700.00 $627.00 $600.00 $560.00 $548.56 $477.00 $500.00 $448.00 $437.00 $402.90 $390.00 $373.06 $400.00 $362.20 $314.00 $282.34 $300.00 $261.42 $253.82 $247.00 $244.96 $194.00 $178.00 $200.00 $159.00 $127.00 $114.74 $106.24 $103.14 $100.00 $- 2011 2012 2013 2014 2015 2016 2017 2018 2019 Employee Only Employee +1 Family
N URSE I NSURANCE P REMIUMS S KYROCKET Choice Premium Monthly Costs, 2011-2019 $500.00 $441.00 $450.00 $400.00 $368.00 $350.00 $350.00 $320.00 $305.00 $300.00 $272.00 $265.66 $248.00 $241.50 $234.46 $229.86 $231.00 $250.00 $220.00 $196.00 $200.00 $178.00 $172.12 $167.10 $163.82 $130.00 $150.00 $88.56 $100.00 $77.00 $73.00 $65.00 $60.00 $58.40 $56.70 $55.50 $50.00 $- 2011 2012 2013 2014 2015 2016 2017 2018 2019 Employee Only Employee +1 Family
N URSE I NSURANCE P REMIUMS S KYROCKET HSA Premium Monthly Costs, 2011-2019 $350.00 $292.00 $300.00 $244.96 $250.00 $231.00 $213.00 $213.00 $190.00 $200.00 $175.00 $173.00 $169.54 $164.60 $162.98 $151.00 $151.00 $150.00 $135.00 $125.00 $120.84 $117.32 $116.16 $100.00 $86.00 $69.00 $60.00 $60.00 $54.00 $48.80 $47.34 $45.96 $45.50 $50.00 $- 2011 2012 2013 2014 2015 2016 2017 2018 2019 Employee Only Employee +1 Family
CHILDREN’S REVENUES GROW Children's Revenues, 2010-2018 $1,000,000,000 $949,732,000 $895,363,000 $880,196,000 $900,000,000 $827,180,000 $794,466,000 $800,000,000 $718,816,000 $700,000,000 $652,418,000 $589,529,000 $569,435,000 $600,000,000 $500,000,000 $400,000,000 $300,000,000 $200,000,000 $100,000,000 $- 2010 2011 2012 2013 2014 2015 2016 2017 2018
NURSES CONTRIBUTE TO FINANICAL SUCCESS OF CHILDRENS Children's Operating Income, 2010-2018 $60,000,000 $51,433,000 $48,876,000 $50,000,000 $40,000,000 $36,160,000 $33,233,000 $30,000,000 $25,973,000 $18,339,000 $20,000,000 $9,924,000 $10,000,000 $2,167,000 $1,818,000 $- 2010 2011 2012 2013 2014 2015 2016 2017 2018
Our Expectations MNA Nurses Desire to reach a fair an equitable agreement that: 1. Addresses the sacrifices they have made on behalf of the hospital 2. Recognizes the economic value of their work as professionals 3. Addresses out of control insurance premium costs
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