The Hospital of Central Connecticut Financials

Statement of Operations

	Year to Date September 2016	Year to Date September 2015
Gross Patient Service Revenue
Inpatient	$372,208,586	$379,307,096
Outpatient	$520,031,015	$473,138,441
Professional Service Revenue	$10,075,774	$10,197,578
	$902,315,375	$862,643,115

Contractual Allowances	$526,548,154	$508,692,529
Bad Debts	$6,729,060	$5,091,859
Charity Care	$10,644,417	$9,706,868
	$543,921,631	$523,491,256

Net Revenues from Services to Patients

$358,393,744

$339,151,859

Other Operating Revenue	$14,044,938	$12,859,961
Net Assets Released from Restriction	$978,222	$1,128,658
Total Revenues	$373,416,904	$353,140,478

Operating Expenses
Salaries and Fringe	$176,906,925	$188,032,293
Supplies and Others	$51,673,689	$46,325,447
Purchased Services	$109,711,920	$96,434,019
Depreciation and Amortization	$20,729,792	$19,771,100
Rental Expense	$3,902,735	$3,767,216
Interest Expense	$3,138,704	$1,838,883
	366,063,765	$356,168,958

Operating Income (Loss)

7,353,139

($3,028,480)

Other Income
Income from Investments, Gifts, and Bequests, Net	$11,883,426	$(1,142,822)
Other	–	–
	$11,883,426	(1,142,822)

Excess (Deficiency) of Revenues Over Expenses

$19,236,565

($4,171,302)

Operating Margin (%)

1.97%

-0.86%