MidState Medical Center Financials
Statement of Operations
| Year to Date September 30, 2015 |
Year to Date September 30, 2014 |
|
|---|---|---|
| Gross Patient Service Revenue | ||
| Inpatient | $225,338,050 | $226,391,995 |
| Outpatient | $324,189,189 | $317,037,529 |
| Professional Service Revenue | – | – |
| $337,135,430 | $324,321,801 |
| Contractual Allowances | $326,495,410 | $309,787,044 |
| Bad Debts | $4,423,863 | $6,409,747 |
| Charity Care | $6,216,157 | $8,125,010 |
| $337,125,430 | $324,321,801 |
| Net Revenutes from Services to Patients | $212,391,809 | $219,107,723 |
| Other Operating Revenue | $14,304,616 | $15,207,485 |
| Net Assets Released from Restriction | $101,856 | $141,976 |
| Total Revenues | $226,798,281 | $234,457,184 |
| Operating Expenses | ||
| Salaries and Fringe | $80,275,146 | $84,526,373 |
| Pension | $3,736,330 | $4,651,262 |
| Supplies and Other | $40,450,032 | $38,741,172 |
| Purchased Services | $63,389,170 | $64,861,090 |
| Malpractice | $2,190,432 | $2,753,277 |
| Depreciation and Amortization | $12,593,806 | $13,076,586 |
| Rental Expense | $3,968,133 | $3,992,280 |
| $210,015,426 | $215,775,666 |
| Operating Income (loss) | $16,782,855 | $18,681,518 |
| Other Income | ||
| Income from Investments, Gifts, and Bequests, Net | ($2,707,080) | $3,147,295 |
| Other | – | – |
| ($2,707,080) | $3,147,295 |
| Excess (Deficiency) of Revenues over Expenses | $14,075,775 | $21,828,813 |
| Operating Margin (%) | 7.40% | 7.97% |