The Hospital of Central Connecticut Financials
Statement of Operations
Year to Date September 2017 |
Year to Date September 2016 |
|
---|---|---|
Gross Patient Service Revenue | ||
Inpatient | $386,699,263 | $372,208,586 |
Outpatient | $508,430,498 | $520,031,015 |
Professional Service Revenue | $35,149,496 | $10,075,774 |
$930,279,257 | $902,315,375 |
Contractual Allowances | $577,125,061 | $526,548,154 |
Bad Debts | $5,497,582 | $6,729,060 |
Charity Care | $11,280,831 | $10,644,417 |
$593,903,474 | $543,921,631 |
Net Revenues from Services to Patients | $336,375,783 | $358,393,744 |
Other Operating Revenue | $27,067,046 | $14,044,938 |
Net Assets Released from Restriction | $2,878,404 | $978,222 |
Total Revenues | $366,321,233 | $373,416,904 |
Operating Expenses | ||
Salaries and Fringe | $176,433,572 | $176,906,925 |
Supplies and Others | $47,261,954 | $49,147,534 |
Purchased Services | $114,948,961 | $113,614,655 |
Depreciation and Amortization | $19,764,923 | $20,729,792 |
Rental Expense | $3,044,521 | $2,526,155 |
Interest Expense | $2,582,940 | $3,138,704 |
364,036,871 | $366,063,765 |
Operating Income (Loss) | 2,284,362 | 7,353,139 |
Other Income | ||
Income from Investments, Gifts, and Bequests, Net | $19,687,712 | $11,883,426 |
Other | 271 | – |
$19,687,983 | $11,883,426 | |
Excess of revenues over expenses, before non-controlling interest in joint venture | $21,972,345 | $19,236,565 |
Less: net income attributable to non-controlling interest in joint venture | $333,809 | – |
Excess (Deficiency) of Revenues Over Expenses | $22,306,154 | $19,236,565 |
Operating Margin (%) | .62% | 1.97% |