The Hospital of Central Connecticut Financials

Statement of Operations

Year to Date
September 2015
Year to Date
September 2014
Gross Patient Service Revenue
Inpatient$379,307,096$370,675,620
Outpatient$473,138,441$483,755,858
Professional Service Revenue$10,197,578$10,177,899
$862,643,115$864,609,377
Contractual Allowances$508,692,529$480,182,282
Bad Debts$5,091,859$5,458,239
Charity Care$9,706,868$17,256,889
$523,491,256$502,897,410
Net Revenues from Services to Patients$339,151,859$361,711,967
Other Operating Revenue$12,859,961$11,024,317
Net Assets Released from Restriction$1,128,658$1,351,596
Total Revenues$353,140,478$374,087,880
Operating Expenses
Salaries and Fringe$176,078,575$182,959,458
Pension$11,953,718$10,579,104
Supplies and Others$46,325,447$46,477,273
Purchased Services$92,906,575$92,299,513
Malpractice$3,527,444$3,957,824
Depreciation and Amortization$19,771,100$18,225,335
Rental Expense$3,767,216$3,387,378
Interest Expense$1,838,883$1,418,200
$356,168,958$359,304,085
Operating Income (Loss)($3,028,480)($14,783,795)
Other Income
Income from Investments, Gifts, and Bequests, Net$(1,142,822)$9,562,103
Other
$11,883,426(1,142,822)
Excess (Deficiency) of Revenues Over Expenses($4,171,302)($24,345,899)
Operating Margin (%)-0.86%3.95%