MidState Medical Center Financials

Statement of Operations

	Year to Date September 2016	Year to Date September 2015
Gross Patient Service Revenue
Inpatient	$219,284,628	$225,338,050
Outpatient	$328,304,759	$324,189,189
Professional Service Revenue	$3,748,822	–
	$551,338,209	$549,527,239

Contractual Allowances	$328,520,782	$326,495,410
Bad Debts	$2,743,728	$4,423,863
Charity Care	$5,621,530	$6,216,157
	$336,886,040	$337,135,430

Net Revenues from Services to Patients

$214,452,169

$212,391,809

Other Operating Revenue	$15,296,723	$14,304,616
Net Assets Released from Restriction	$234,983	$101,856
Total Revenues	$229,983,875	$226,798,281

Operating Expenses
Salaries and Fringe	$80,142,422	$84,040,773
Supplies and Other	$42,731,882	$43,862,266
Purchased Services	$68,067,089	$62,386,393
Depreciation and Amortization	$11,634,653	$12,593,806
Rental Expense	$3,326,761	$3,412,377
Interest Expense	$3,913,863	$3,968,133
	$209,816,670	$210,263,748

Operating Income (loss)

$20,167,205

$16,534,533

Other Income
Income from Investments, Gifts, and Bequests, Net	$8,148,040	($2,602,707)
Other	–	–
	$8,148,040	($2,602,707)

Excess (Deficiency) of Revenues over Expenses

$28,315,245

$13,931,826

Operating Margin (%)

8.77%

7.29%