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%