MidState Medical Center Financials

Statement of Operations

Year to Date
September 2017
Year to Date
September 2016
Gross Patient Service Revenue
Inpatient$210,648,967$219,284,628
Outpatient$325,603,269$328,304,759
Professional Service Revenue$18,126,364$5,956,533
$554,378,600$553,545,920
Contractual Allowances$333,243,206$330,728,494
Bad Debts$4,784,998$2,743,728
Charity Care$8,137,631$5,621,530
$346,165,835$339,093,752
Net Revenues from Services to Patients$208,212,765$214,452,168
Other Operating Revenue$14,408,054$15,296,723
Net Assets Released from Restriction$114,280$234,983
Total Revenues$222,735,099$229,983,874
Operating Expenses
Salaries and Fringe$81,895,791$80,142,422
Supplies and Other$44,770,011$39,405,122
Purchased Services$75,209,247$71,393,850
Depreciation and Amortization$10,395,046$11,634,653
Rental Expense$3,194,687$3,326,761
Interest Expense$3,900,374$3,913,863
$219,365,156$209,816,671
Operating Income (loss)$3,369,943$20,167,203
Other Income
Income from Investments, Gifts, and Bequests, Net$15,812,048$8,148,040
Other$65,913
$15,877,961$8,148,040
Excess of revenues over expenses, before non-controlling interest in joint venture$19,247,904$28,315,243
Less: net income attributable to non-controlling interest in joint venture$(55,358)
Excess (Deficiency) of Revenues over Expenses$19,192,546$28,315,243
Operating Margin (%)1.51%8.77%