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% |