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%