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)2,284,3627,353,139
Other Income
Income from Investments, Gifts, and Bequests, Net$19,687,712$11,883,426
Other271
$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%