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% |