I LJ~LEY MEDICAL CENTER
|
|
- Willis Conley
- 5 years ago
- Views:
Transcription
1 I LJ~LEY MEDICAL CENTER Consolidated Financial Statement For the Nine Months Ended March 31, 2017
2 Hurley Medical Center Nine Month Period Ended March 31, 2017 Management Discussion and Analysis For the nine months ended March 31, 2017, the Medical Center had a consolidated net gain from operations of $15.7 million. The consolidation includes the results of the Medical Center and its affiliate, Hurley Health Services. There was a significant decline in operations as compared to the prior period gain of $23.0 million but the results were an improvement over the same period from 2 years ago. Inpatient activity improved from the prior year. Discharges were 1.6% ahead of prior year's level at 16,779 discharges and inpatient days increased to 83,444 days reflecting a decrease in the length of stay. The Medical Center's volume continues to grow and this has also been reflected in the Michigan Hospital Association's market analysis, showing the Medical Center's lead in market share for the last twelve published quarters. In addition to improved inpatient volumes, there were also improvements in the overall outpatient volumes reflecting an increase of outpatient revenue by 2.8%. Although the inpatient and outpatient volumes have increased there has been a slight decline in the overall reimbursement rates. This decline has been partially offset by the continued reduction in bad debt and charity care rates write-offs. Other Operating Revenues has increased approximately 13.6 % which reflects the professional revenue associated with higher patient volumes and an electronic medical record incentive payment. Operating expenses increased by 7.3% from the period over the comparable prior year. The largest increase reflects the additional pension expense associated with the GASB pension pronouncement including the changes in actuarial assumptions and soft investment returns on pension assets. The other increases in wages and medical expenses correlate with the increased volume levels. Non-Operating Revenue/Expense declined by $5.0 million over the prior year primarily due to the unrealized loss in the bond investment market in FY2017 vs. an unrealized investment gain in FY2016. The Medical Center's investment policy is restricted by the State of Michigan law Public Act 20, which restricts investments to US backed governmental securities. Also, in the prior year there was a gain on the sale of an ownership interest in a group purchase organization. Balance sheet accounts have steady improvement from the prior year. The days cash on hand increased to days from days in the prior year and the days of revenue in gross accounts receivable decreased to 48.9 days verses 53.2 days in the prior year. The increase in patient activity and lowering of accounts receivable resulted in an improved cash position. -1-
3 Consolidated Statement of Fund Net Position March 31, 2017 and 2016 Assets Current Assets: Cash and Cash Equivalents $ 68,531,736 $ 68,897,273 Accounts Receivable, net 42,773,373 40,685,443 Third Party Receivable 3,356,685 8,888,770 Accounts Receivable-Other 6,370,066 5,077,678 Inventory 5,952,951 5,770,473 Prepaid Expense 5, 183,779 3,738,085 Current Portion of Assets Whose Use is Limited 7,029,815 6,903,600 Total Current Assets 139, 198, ,961,322 Assets Whose Use is Limited: Board Designated Investments 121,325,176 77,132,459 Held in Trust - Other 18,637,654 16,389,493 Held in Trust - Bond 14,391,648 14,286,842 Total Assets Whose Use is Limited 154,354, ,808,794 Less Current Portion of Assets Whose Use is Limited (7,029,815) (6,903,600) Noncurrent Assets Whose Use is Limited 147,324, ,905, 194 Property, Plant and Equipment 306,624, ,430,621 Less Accumulated Depreciation {207, 719, 184} {198,091,992} Net Property, Plant and Equipment 98,905, ,338,629 Other Assets: Deferred Defeasance, net 614, , 121 Investments in Joint Ventures 6,605,256 7,114,898 Deferred Pension Outflows 47,520,292 9,565,403 Other 1,300,000 1, 154, 103 Total Other Assets 56,040,312 18,662,525 Total Assets $ 441,468, 788 $ 364,867,670-2-
4 Consolidated Statement of Fund Net Position March 31, 2017 and 2016 Liabilities and Fund Net Position 3/31/2017 Current Liabilities: Current Portion of Debt $ 5,774,882 Accounts Payable 13,464,634 Third Party Settlements Payable 29,898,752 Other Accrued Expenses 28,079,841 Total Current Liabilities 77,218,109 Long Term Liabilities: Accrued Expenses 26,890,121 Debt, less Current Portion 80,473,360 Net Pension Liability 175,007,489 Deferred Pension Inflows 11,726,468 Total Noncurrent Liabilities 294,097,438 Fund Net Position: Unrestricted 62,660,848 Restricted 7,492,393 Total Fund Net Position 70,153,241 Total Liabilities and Fund Net Position $ 441,468,788 3/31/2016 $ 5,587,866 19,360,468 29,385,931 30,057,983 84,392,248 27,507,219 86,880, ,935, ,323,431 28, 145,850 7,006,141 35,151,991 $ 364,867,670-3-
5 Consolidated Statement of Revenue and Expense For the Period Ended March 31, 2017 and 2016 Year-to-Date Year-to-Date Patient Service Revenue: Inpatient Revenue Outpatient Revenue Gross Patient Service Revenue Less: Contractual Allowances Charity Care Provision for Uncollectible Accounts Net Patient Service Revenue Other Operating Revenue Total Operating Revenue Operating Expense: Salaries and Wages Professional Salaries Agency Payroll Taxes and Fringes Medical Supplies Supplies - Non-Clinical Maintenance and Repairs Utilities Other Purchased Services Depreciation Total Operating Expense lncome/(loss) from Operations Other Non-Operating Revenue/Expense Interest Expense Total Non-Operating Revenue/(Expense) $ 654, 731,566 $ 651,198, ,223, ,176,990 1,096,954,798 1,081,375, ,477, ,086,207 10,342,626 11,807,096 6,503,459 13,638, ,631, ,843,980 30,008,128 26,382, ,639, ,226, ,669, ,661,969 19,924,305 19,809,086 3,669,350 2,292,297 60,134,209 50,032,682 43,062,487 40,117,784 1,882,714 1,837, 143 3,420,071 3,359,598 4,707,078 4,254,049 31,231,832 29,851,472 13,224,998 13,009, ,926, ,225,979 15,713,747 23,000,425 (1,721,463) 3,277,144 {3,753,606) {3,947,480) (5,475,069) (670,336) Excess Revenue over Expense $ 10,238,678 $ 22,330,089-4-
6 Consolidated Statement of Changes in Fund Net Position For the Period Ended March 31, 2017 and 2016 Unrestricted Fund Net Position: Balance at the Beginning of the Year $ 52,422, 170 $ 5,815,761 Excess of Revenue over Expense 10,238,678 22,330,089 Balance at the End of the Period $ 62,660,848 $ 28,145,850 Restricted Fund Net Position: Balance at the Beginning of the Year $ 7,563,241 $ 6,955,557 Restricted Gifts and Bequests 96, ,771 Income from Investments 3 5 Transfer of Funds: To Unrestriced Funds: Property, Plant, Equipment Additions (128,904) 0 Other Operating Revenue (38,508) (409, 192) Balance at the End of the Period $ 7,492,393 $ 7,006,141-5-
7 Consolidated Statement of Cash Flows For the Period Ended March 31, 2017 and 2016 Cash Flows from operating activities: Revenues in excess of expenses $ Adjustments to reconcile revenue in excess of expenses to net cash provided by operating activities : Depreciation Amortizaton of Deferred Defeasance (Gain)/Loss on disposal of equipment Pension Liability and Deferred Outflows Change in operating assets and liabilities: Accounts receivable Inventories Prepaid Expenses Assets Whose Use is Limited Accounts Payable Other Accrued Expenses Amounts Due to Restriced Funds Net cash provided by (used in) operating activities Cash Flows from investing activities: 10,238,678 $ 22,330,089 Purchase of property and equipment Equity Distribution (Purchase) of accumulated earnings from Joint Ventures Proceeds from Sale of Assets Disposal(purchase) of Assets Whose Use is Limited 13,224,998 13,009, , ,185 Net cash provided by (used in) 3,867 17,078 investing activities 9,768,408 0 Cash Flows from financing activities: Proceeds from debt 10,441,450 9,146,181 Repayment of debt (36,940) (46,740) (1,462,287) (804,900) Net cash provided by (used in) (27,691,050) (25, 120,092) finance activities (10,241,463) (1,636,274) 2,185,431 4,929,857 Net Increase (decrease) in cash (70,848) 50,584 Cash at the beginning of year 6,512,539 22,058,867 Cash at the end of the period (7,571,545) (13,027,630) 51,332 (320,000) 0 0 2,491,671 5,204,568 (5,028,542) (8,143,062) 123, ,000 (6,010,063) (5,717,403) (5,886,808) (5,177,403) (4,402,811) 8,738,402 72,934,547 60,158,871 $ 68,531,736 $ 68,897,273-6-
8 Hurley Medical Center Utilization Statistics For the Period Ended March 31, 2017 and 2016 Utilization: Licensed Beds Discharges 16,779 16,512 Patient Days 83,444 82,491 Average Length of Stay (days) Inpatient Surgeries 3,333 3,482 Observation Cases 1,400 1,428 Observation Days 2,619 2,242 Emergency Room Visits 74,157 76,328 Other Outpatient Visits 300, , 173 Ambulatory Surgery Cases 4,906 4,786 Medicare Case Mix Index Source of Patient Service Revenue: Medicare 21.43% 22.34% Medicare HMO 8.99% 7.73% Medicaid 7.63% 8.72% Medicaid HMO 38.31% 36.73% Blue Cross 9.27% 9.01% Commercial HMOs 4.16% 5.53% All Others 10.25% 9.94% Total % % -7-
DUKE UNIVERSITY HEALTH SYSTEM, INC. AND AFFILIATES
Consolidated Financial Statements March 31, 2018 and 2017 (Unaudited) Prepared by: Duke University Health System Finance Print Date: April 24, 2018 Consolidated Balance Sheets (Unaudited) March 31, 2018
More informationMercy Health Quarterly Financial Report. As of and for the three months ended December 31, 2018 and 2017
Mercylit Quarterly Financial Report As of and for the three months ended December 31, 2018 and 2017 Contents: - Consolidated Financial Statements (Unaudited) - Management Discussion & Analysis Consolidated
More informationCENTEGRA HEALTH SYSTEM AND AFFILIATES CONSOLIDATING STATEMENT OF REVENUE AND EXPENSES FOR THE TWELVE MONTHS ENDED JUNE 30, 2017 Unaudited
CONSOLIDATING STATEMENT OF REVENUE AND EXPENSES FOR THE TWELVE MONTHS ENDED JUNE 30, 2017 HOSPITAL THE CENTEGRA HEALTH BRIDGE CLINICAL CHWN GROUP FOUNDATION NIMED COMBINED LAB CMS CPC COMBINED CIS ELIMINATIONS
More informationAtrium Health System and Subsidiaries. Consolidated Balance Sheet (Unaudited)
Consolidated Balance Sheet At June 30, At December 31, Assets Current assets: Cash and short-term investments $ 12,364 $ 11,242 Accounts receivable, net of allowances 33,702 30,213 Inventories 2,231 1,991
More informationSARASOTA COUNTY PUBLIC HOSPITAL DISTRICT
Financial Statements December 31, 2017 and 2016 ` Management s Discussion and Analysis December 31, 2017 and 2016 For the three months ended December 31, 2017, Sarasota County Public Hospital District
More informationGREENWOOD LEFLORE HOSPITAL. Audited Financial Statements Years Ended September 30, 2015 and 2014
Audited Financial Statements CONTENTS Independent Auditor's Report 1 2 Management's Discussion and Analysis 3 10 Financial Statements Statements of Net Position 11 Statements of Revenues, Expenses and
More informationNANTICOKE HEALTH SERVICES OBLIGATED GROUP COMBINING BALANCE SHEET September 30, Nanticoke Alternative Care
Nanticoke Memorial Hospital Assets Current Assets: Cash 1,463,123 Patient Receivables, Net 12,747,937 Other Receivables 1,205,107 Inventories 1,933,790 Prepaid Expenses 841,766 Intercompany Receivables
More informationDUKE UNIVERSITY HEALTH SYSTEM, INC. AND AFFILIATES
Consolidated Financial Statements December 31, 2017 and 2016 (Unaudited) Prepared by: Duke University Health System Finance Print Date: January 17, 2018 Consolidated Balance Sheets (Unaudited) December
More informationMANAGEMENT S DISCUSSION OF FINANCIAL AND OPERATING PERFORMANCE
MANAGEMENT S DISCUSSION OF FINANCIAL AND OPERATING PERFORMANCE Utilization Trends The Corporation has experienced an increase in utilization from the end of 2015 through fiscal year 2017. Occupancy of
More informationSARASOTA COUNTY PUBLIC HOSPITAL DISTRICT
FINANCIAL STATEMENTS (UNAUDITED) AS OF, AND FOR THE THREE MONTHS ENDED DECEMBER 31, 2008 MANAGEMENT S DISCUSSION AND ANALYSIS FOR THE THREE MONTHS ENDED DECEMBER 31, 2008 For the three months ended December
More information(?~~ Cass Wisniewski, CPA Senior VP & Chief Financial Officer Hurley Medical Center. November 29, 2017 RE:
One Hurley Plaza Flint, Michigan 48503 November 29, RE: Officers Certificate for Hurley Medical Center Relating to the Annual Filing Issues Including: 1. City of Flint Hospital Building Authority, Building
More informationGREENWOOD LEFLORE HOSPITAL. Audited Financial Statements Years Ended September 30, 2017 and 2016
Audited Financial Statements CONTENTS Independent Auditor's Report 1 2 Management's Discussion and Analysis 3 10 Financial Statements Statements of Net Position 11 Statements of Revenues, Expenses and
More informationGREENWOOD LEFLORE HOSPITAL. Audited Financial Statements Years Ended September 30, 2016 and 2015
Audited Financial Statements CONTENTS Independent Auditor's Report 1 2 Management's Discussion and Analysis 3 10 Financial Statements Statements of Net Position 11 Statements of Revenues, Expenses and
More informationSUMMARY OF FINANCIAL FEASIBILITY, UCLA MEDICAL CENTER. Total Estimated Project Cost: $43,000,000
ATTACHMENT 3 SUMMARY OF FINANCIAL FEASIBILITY, UCLA MEDICAL CENTER Project Title: UCLA Health System, CHS South Tower Total Estimated Project Cost: $43,000,000 Proposed Sources of Funding: External Financing
More informationMANAGEMENT'S DISCUSSION AND ANALYSIS AND BASIC FINANCIAL STATEMENTS
MANAGEMENT'S DISCUSSION AND ANALYSIS AND BASIC FINANCIAL STATEMENTS West Jefferson Medical Center Years ended December 31,2004 and 2003 Under provisions of state law. this report is a public document,
More informationThird Quarter Fiscal Year 2017 Financial Report (Unaudited Statements)
Bond Long Term Rating Standard and Poor s AA/Negative FITCH Investors Service AA/Stable Third Quarter Fiscal Year 2017 Financial Report (Unaudited Statements) Cone Health is an integrated health care delivery
More informationInterfaith Medical Center
Interfaith Medical Center Financial Statements For the Twelve Months Ended December 31, 2011 (DRAFT) TABLE OF CONTENTS Page Statement of Financial Position 1 Statement of Operations 2 Statement of Changes
More informationFINANCIAL REPORT (UNAUDITED) FOR THE SIX MONTHS ENDED
FINANCIAL REPORT (UNAUDITED) FOR THE SIX MONTHS ENDED JUNE 30, 2018 ATRIUM HEALTH FINANCIAL REPORT FOR THE SIX MONTHS ENDED JUNE 30, 2018 INDEX Page Financial Highlights 1-3 Comparative Balance Sheet 4
More informationMultiCare Health System Year End 2012 Results December 31, 2012
MultiCare Health System Year End 2012 Results December 31, 2012 MultiCare Health System (MHS), a Washington nonprofit corporation, is an integrated healthcare delivery system providing inpatient, outpatient,
More informationThird Quarter Fiscal Year Financial Report (Unaudited Statements)
Bond Long Term Rating Standard and Poor s AA-/Stable FITCH Investors Service AA/Stable Third Quarter Fiscal Year Financial Report (Unaudited Statements) Cone Health is an integrated health care delivery
More informationRobinson Memorial Portage County Hospital and Affiliates. Financial Report December 31, 2012
Robinson Memorial Portage County Hospital Financial Report December 31, 2012 Contents Report Letter 1-3 Management s Discussion and Analysis 4-15 Financial Statements Statement of Financial Position 16
More informationMcLEOD HEALTH FINANCIAL INFORMATION FOR CONSOLIDATED & OBLIGATED GROUP FOURTH QUARTER REPORT TWELVE MONTHS ENDED SEPTEMBER 30, 2012 AND 2011
McLEOD HEALTH FINANCIAL INFORMATION FOR CONSOLIDATED & OBLIGATED GROUP FOURTH QUARTER REPORT TWELVE MONTHS ENDED SEPTEMBER 30, 2012 AND 2011 Note: These unaudited financial statements have been prepared
More information^asasssss-- MANAGEMENT'S DISCUSSION AND ANALYSIS AND BASIC FINANCIAL STATEMENTS. Release Date. H'
MANAGEMENT'S DISCUSSION AND ANALYSIS AND BASIC FINANCIAL STATEMENTS Hospital Service District No. 1 of the Parish of Tangipahoa, State of Louisiana Years Ended June 30, 2006 and 2005 ^asasssss-- Release
More informationFirst Quarter Fiscal Year Financial Report (Unaudited Statements)
Bond Long Term Rating Standard and Poor s AA/Negative FITCH Investors Service AA/Stable First Quarter Fiscal Year Financial Report (Unaudited Statements) Cone Health is an integrated health care delivery
More informationLAHEY HEALTH SYSTEM F i n a n c i a l S t a t e m e n t D i s c u s s i o n a n d A n a l y s i s. For the Six Months Ended March 31, 2017
LAHEY HEALTH SYSTEM F i n a n c i a l S t a t e m e n t D i s c u s s i o n a n d A n a l y s i s For the Six Months Ended March 31, 2017 Introduction The attached combined financial statements of Lahey
More informationSeptember 30, 2018 Fiscal Year Financial Report (Unaudited Statements)
Bond Long Term Rating Standard and Poor s AA-/Stable FITCH Investors Service AA/Stable September 30, 2018 Fiscal Year Financial Report (Unaudited Statements) Cone Health is an integrated health care delivery
More informationThe Guthrie Clinic Financial Highlights for the Three and Six Months Ended December 31, 2017
Financial Highlights for the Three and Six Months Ended December 31, 2017 I. Introduction In accordance with the provisions of the Master Indenture relating to the 2011 and 2007 Guthrie Health Bonds, enclosed
More informationWESTCHESTER COUNTY HEALTH CARE CORPORATION
WESTCHESTER COUNTY HEALTH CARE CORPORATION Financial Disclosure (unaudited) June 30, 2018 Page Statements of Net Position, June 30, 2018 and December 31, 2017 1 Statements of Revenue, Expenses and Changes
More informationMonongalia Health System (WV)
Monongalia Health System (WV) 1 Monongalia County Building Commission (West Virginia), Refunding and Improvement Revenue Bonds (Monongalia Health System ), Series 2015, $51,450,000, Dated: April 28, 2015
More informationInterfaith Medical Center
Interfaith Medical Center Financial Statements For the Twelve Months Ended December 31, 2012 (UNAUDITED) TABLE OF CONTENTS Page Statement of Financial Position 1 Statement of Operations 2 Statement of
More informationStrategic Coordinating Organization and Subsidiaries
Strategic Coordinating Organization and Subsidiaries Consolidated Financial Statements As of December 31, 2016 and for the Three Months Ended December 31, 2016 (UNAUDITED) TABLE OF CONTENTS Page CONSOLIDATED
More informationUpstate Affiliate Organization (d/b/a Greenville Health System) and Subsidiaries
Upstate Affiliate Organization (d/b/a Greenville Health System) and Subsidiaries Consolidated Financial Statements As of December 31, 2017 and for the Three Months Ended December 31, 2017 and 2016 (UNAUDITED)
More informationPUBLIC HOSPITAL DISTRICT NO. 1 OF KING COUNTY VALLEY MEDICAL CENTER Management s Discussion and Analysis September 30, 2012 and 2011 (unaudited)
PUBLIC HOSPITAL DISTRICT NO. 1 OF KING COUNTY VALLEY MEDICAL CENTER Management s Discussion and Analysis 30, 2012 and 2011 Public Hospital District No. 1 of King County, Washington (the District), doing
More informationCONDENSED FINANCIAL REPORT
CONDENSED AN EQUAL OPPORTUNITY/ADA INSTITUTION CONDENSED Index Page Financial Performance Review 3 Financial Report by Operating Entity 4 Consolidated Balance Sheet 5 Consolidated Statement of Revenues
More informationSELF REGIONAL HEALTHCARE AND AFFILIATES. Combined Financial Statements. September 30, 2013 and ( with Independent Auditors Report thereon )
Combined Financial Statements September 30, 2013 and 2012 ( with Independent Auditors Report thereon ) Table of Contents September 30, 2013 and 2012 Page(s) Independent Auditors Report... 1 2 Management
More informationEnclosed are the following documents for Montefiore Medical Center for the period ended June 30, 2013:
Montefiore THE UNIVERSITY HOSPITAL FOR ALBERT EINSTEIN COLLEGE OF MEOICINE August 12, 2013 Ms. Christine Conway The Bank ofnew York Mellon New York Municipal Finance Unit 101 Barclay Street, 7W New York,
More informationLEADING THE QUEST FOR HEALTH. Financial Report. Six Months Ended December 31,
LEADING THE QUEST FOR HEALTH Financial Report Six Months Ended December 31, 2013 www.cedars-sinai.edu CEDARS-SINAI HEALTH SYSTEM STATISTICS: FINANCIAL REPORT SIX MONTHS ENDED DECEMBER 31, 2013 FYE 06/30/14
More informationFinancial Operating Summary for the Quarter Ending Sept. 30, 2017
Financial Operating Summary for the Quarter Ending Sept. 30, 2017 Summary of the financial operations for the quarter ending September 30, 2017 reported an overall operating loss of $3,099,930. This decrease
More informationReport of Independent Auditors and Consolidated Financial Statements with Supplementary Information. Sonoma Valley Health Care District
Report of Independent Auditors and Consolidated Financial Statements with Supplementary Information Sonoma Valley Health Care District June 30, 2014 and 2013 CONTENTS PAGE MANAGEMENT S DISCUSSION AND ANALYSIS...
More informationSeptember 30, 2017 Fiscal Year Financial Report (Audited Statements)
Bond Long Term Rating Standard and Poor s AA/Negative FITCH Investors Service AA/Stable September 30, 2017 Fiscal Year Financial Report (Audited Statements) Cone Health is an integrated health care delivery
More informationUn-audited 9/30/2012 HOLY NAME MEDICAL CENTER AND SUBSIDIARIES. Unaudited Consolidated Financial Statements September 30, 2012
Un-audited 9/30/2012 Unaudited Consolidated Financial Statements September 30, 2012 Index Financial Statements: Consolidated Balance Sheets, 3 September 30, 2012 and December 31, 2011 Consolidated Statements
More informationFinancial Report. June 30, The University of Mississippi Medical Center Jackson
Financial Report June 30, 2015 The University of Mississippi Medical Center Jackson TABLE OF CONTENTS Management s Discussion and Analysis... 1 Basic Financial Statements Statement of Net Position...
More informationNONOPERATING ITEMS: MidMichigan Health s investment income of $3.3 million increased compared to $2.6 million a year ago.
4000 Wellness Drive Midland, Michigan 48670 Phone (989) 839-3181 Francine.Padgett@midmichigan.org Subject: Continuing Disclosure Filing for MidMichigan Health Period Ended: Nine-month Period Ended March
More informationQuarterly Report For the Period Ending 9/30/14
This Document is Dated as of November 24, 2014. SPECIAL NOTE CONCERNING FORWARD-LOOKING STATEMENTS: Certain of the discussions included in the Management Discussion and Analysis section of the following
More informationCONSOLIDATED FINANCIAL STATEMENTS AND OTHER INFORMATION INDIANA UNIVERSITY HEALTH, INC. AND SUBSIDIARIES AS OF AND FOR THE THREE MONTHS AND YEARS
CONSOLIDATED FINANCIAL STATEMENTS AND OTHER INFORMATION INDIANA UNIVERSITY HEALTH, INC. AND SUBSIDIARIES AS OF AND FOR THE THREE MONTHS AND YEARS ENDED DECEMBER 31, 2012 AND 2011 TABLE OF CONTENTS Management
More informationMEMORIAL SLOAN KETTERING CANCER CENTER QUARTERLY DISCLOSURE REPORT UNAUDITED COMBINED FINANCIAL STATEMENTS FOR THE PERIOD ENDED JUNE 30, 2017
MEMORIAL SLOAN KETTERING CANCER CENTER QUARTERLY DISCLOSURE REPORT UNAUDITED COMBINED FINANCIAL STATEMENTS FOR THE PERIOD ENDED JUNE 30, 2017 Table of Contents Disclosures... 2 Management s Discussion
More informationRIVERSIDE HEALTH SYSTEM and OBLIGATED AFFILIATES. Kankakee, Illinois
and OBLIGATED AFFILIATES Kankakee, Illinois ----------------------------------~---------------------------------------- Combined Financial Statements and Supplementary Information March 31, 2015 FINANCIAL
More informationThomas Jefferson University & Jefferson Health Consolidated Financial and Statistical Report June 2015
Thomas Jefferson University & Jefferson Health Consolidated Financial and Statistical Report June 2015 THOMAS JEFFERSON UNIVERSITY & JEFFERSON HEALTH FINANCIAL AND STATISTICAL REPORT JUNE 2015 TABLE OF
More informationTenet Reports Second Quarter 2010 Results
åéïëêéäé~ëé Tenet Reports Second Quarter 2010 Results Diluted Earnings of $0.05 Per Share, Up from Loss of $0.03 Per Share Over Prior Year Period Net Income Attributable to Common Shareholders of $25 Million,
More informationAssets limited as to use, less current portion 19,500 19,500 Capital assets, net 174, ,426
SHANDS JACKSONVILLE HEALTHCARE, INC. UNAUDITED CONSOLIDATED BASIC STATEMENT OF NET ASSETS For the Periods Ended and June 30, (Dollars in Thousands) 2013 June 30, Assets Cash and Cash Equivalents $ 6,327
More informationHARRIS COUNTY HOSPITAL DISTRICT
HARRIS COUNTY HOSPITAL DISTRICT dba FINANCIAL STATEMENTS As of June 30, 2015 FINANCIAL STATEMENTS As of June 30, 2015 TABLE OF CONTENTS PAGE FINANCIAL STATEMENT HIGHLIGHTS 1 VARIANCE ANALYSIS NARRATIVE
More informationHARRIS COUNTY HOSPITAL DISTRICT
HARRIS COUNTY HOSPITAL DISTRICT dba HARRIS HEALTH SYSTEM FINANCIAL STATEMENTS As of October 31, 2015 FINANCIAL STATEMENTS As of October 31, 2015 TABLE OF CONTENTS PAGE FINANCIAL STATEMENT HIGHLIGHTS 1
More informationMemorial Sloan-Kettering Cancer Center Financial and Statistical Information For the Six Months Ended September 30, 2012
Memorial Sloan-Kettering Cancer Center Financial and Statistical Information For the Six Months Ended September 30, 2012 Page No. Certificate of Compliance Management's Discussion of Financial Performance
More informationWAYNE GENERAL HOSPITAL Waynesboro, Mississippi. Audited Financial Statements Years Ended September 30, 2016 and 2015
Waynesboro, Mississippi Audited Financial Statements Years Ended September 30, 2016 and 2015 Waynesboro, Mississippi Board of Trustees Kenny Odom, President Martin Stadalis, Vice-President Gene A. Cooper,
More informationAnnual Report For the Fiscal Year Ended June 30, Concerning. WellSpan Health
Document dated November 27, 2017 The following represents Management s discussion of financial and statistical information. It is intended to support certain other reports, included here, or available
More informationUtilization Calendar Yr ended. Fiscal Year ended September 30, December 31, mth
South Carolina Jobs-Economic Development Authority, Hospital Refunding Revenue Bonds and Improvement Revenue Bonds (AnMed Health Project), Series 2009B, $112,000,000, Dated: May 13, 2009 South Carolina
More informationReport of Independent Auditors and Financial Statements for. Tehachapi Valley Health Care District
Report of Independent Auditors and Financial Statements for Tehachapi Valley Health Care District June 30, 2015 CONTENTS REPORT OF INDEPENDENT AUDITORS 1 2 MANAGEMENT S DISCUSSION AND ANALYSIS (Required
More informationAurora Health Care, Inc. and Affiliates
Aurora Health Care, Inc. and Affiliates Consolidated Financial Statements as of and for the Years Ended December 31, 2016 and 2015, and Independent Auditors' Report AURORA HEALTH CARE, INC. AND AFFILIATES
More informationFINANCIAL REPORT NINE MONTHS ENDED MARCH 31, 2010 FYE 06/30/10
CEDARS-SINAI HEALTH SYSTEM FINANCIAL REPORT NINE MONTHS ENDED MARCH 31, FYE 06/30/10 STATISTICS: Average occupied beds for the month of March were 808 or 44 (5.8%) more than the budgeted amount of 764
More informationAurora Health Care, Inc. and Affiliates
Aurora Health Care, Inc. and Affiliates Consolidated Financial Statements as of and for the Years Ended December 31, 2014 and 2013, and Independent Auditors Report AURORA HEALTH CARE, INC. AND AFFILIATES
More informationOwensboro Health 4th Quarter (March May 2016) FY Ending May 31, 2016
Owensboro Health 4th Quarter (March May 2016) FY Ending May 31, 2016 Table of Contents Officer s Certificate of Compliance. 3 Management Discussion and Analysis.. 4 Utilization Statistics and Financial
More informationManagement Discussion and Analysis Quarter Ended December 31, 2006
Management Discussion and Analysis Quarter Ended December 31, 2006 Management Discussion and Analysis Forrest General Hospital Quarter Ended December 31, 2006 FINANCIAL HIGHLIGHTS Forrest General Hospital
More informationInventory of Supplies $ 1,397,336 $ 990 $ - Total Current Assets $ 18,373,272 $ 1,420,650 $ 172,240 $ - $ 19,966,162. Assets Limited Use : $ - $ - $ -
NANTICOKE HEALTH SERVICES, INC. OBLIGATED GROUP BALANCE SHEET DECEMBER 31, 2008 NMH LCLP DUAL ELIMINATIONS OBLIGATED GROUP Current Assets: Cash & Cash Equivalents 1,685,947 325,869 165,154 2,176,970 Patient
More informationTeton County Hospital District d/b/a St. John s Medical Center
Auditor s Reports and Financial Statements Contents Independent Auditor s Report on Financial Statements and Supplementary Information... 1 Management s Discussion and Analysis... 3 Financial Statements
More informationChildren s Healthcare of Atlanta Inc. and Affiliates. Interim Financial Statements March 31, 2014
Children s Healthcare of Atlanta Inc. and Affiliates Interim Financial Statements March 31, 2014 CHILDREN S HEALTHCARE OF ATLANTA, INC. AND AFFILIATES Unaudited Consolidated Financial Statements for the
More informationUK HealthCare Hospital System
2017 Financial Statements UK HealthCare Hospital System UK HealthCare Hospital System An Organizational Unit of the University of Kentucky Financial Statements Years Ended June 30, 2017 and 2016 CONTENTS
More informationHARRIS COUNTY HOSPITAL DISTRICT, dba HARRIS HEALTH SYSTEM, A COMPONENT UNIT OF HARRIS COUNTY, TEXAS. Financial Statements
Financial Statements (With Independent Auditors Report Thereon) Table of Contents Page(s) Independent Auditors Report 1 2 Management s Discussion and Analysis (Unaudited) 3 14 Financial Statements as of
More information11/10/2014 4:24 PM. CHS September 2014 Financial Stmts for Obligated Group.xls
Balance Sheet - As of September 30, 2014 (000s) September August Audit % Change Audit 2014 2014 2013 September - 2013 2012 ASSETS Current Assets: 1 Cash and Investments... $ 263,280 $ 254,532 $ 253,474
More informationcfp Premier Health May 14,2015
cfp Premier Health Prem ier Health Center 110 N. Main St. Dayton, Oh io 45402 prem ierhealt h.co m May 14,2015 Enclosed are the unaudited Consolidated Financial Statements for MedAmerica Health Systems
More informationRIVERSIDE HEAL TH SYSTEM and OBLIGATED AFFILIATES. Kankakee, Illinois. Combined Financial Statements and Supplementary Information
RIVERSIDE HEAL TH SYSTEM and OBLIGATED AFFILIATES Kankakee, Illinois Combined Financial Statements and Supplementary Information March 31, 2016 FINANCIAL STATEMENT CERTIFICATION The accompanying balance
More informationJUPITER MEDICAL CENTER, INC. AND AFFILIATED COMPANIES. Jupiter, Florida. CONSOLIDATED FINANCIAL STATEMENTS September 30, 2014 and 2013
JUPITER MEDICAL CENTER, INC. AND AFFILIATED COMPANIES Jupiter, Florida CONSOLIDATED FINANCIAL STATEMENTS Jupiter, Florida CONSOLIDATED FINANCIAL STATEMENTS CONTENTS INDEPENDENT AUDITOR S REPORT... 1 FINANCIAL
More informationCAMC Health System, Inc. and Subsidiaries
CAMC Health System, Inc. and Subsidiaries Consolidated Financial Statements and Other Financial Information as of and for the Years Ended December 31, 2016 and 2015, and Independent Auditors Report CAMC
More informationTOTAL CURRENT ASSETS 104,960 50,062 12,049 7, ,582 10,615 (3,270) 181,927
NORTHERN ARIZONA HEALTHCARE CONSOLIDATED BALANCE SHEET DECEMBER 2017 FMC VVMC NAH NAHOSC Group NAHPG ELIMINATIONS CONSOLIDATED CURRENT ASSETS Cash and Cash Equivalents 12,809 23,907 7,307 5,274 49,297
More informationFinancial Statements and Report of Independent Certified Public Accountants. AU Medical Center, Inc. (a component unit of AU Health System, Inc.
Financial Statements and Report of Independent Certified Public Accountants AU Medical Center, Inc. June 30, 2017 and 2016 AU Medical Center, Inc. Table of contents Management s discussion and analysis
More informationSouth Broward Hospital District d/b/a Memorial Healthcare System Year Ended April 30, 2016 With Report of Independent Certified Public Accountants
F INANCIAL S TATEMENTS, R EQUIRED S UPPLEMENTARY I NFORMATION, AND S UPPLEMENTARY I NFORMATION South Broward Hospital District Year Ended April 30, 2016 With Report of Independent Certified Public Accountants
More informationCAMC Health System, Inc. and Subsidiaries
CAMC Health System, Inc. and Subsidiaries Consolidated Financial Statements and Other Financial Information as of and for the Years Ended December 31, 2012 and 2011, and Independent Auditors Report CAMC
More informationSUMMA HEALTH SYSTEM OBLIGATED GROUP CONTINUING DISCLOSURE FOR THE THREE MONTHS ENDED MARCH 31, 2012
SUMMA HEALTH SYSTEM OBLIGATED GROUP CONTINUING DISCLOSURE FOR THE THREE MONTHS ENDED MARCH 31, 2012 MANAGEMENT S DISCUSSION AND ANALYSIS OF THE RESULTS OF OPERATIONS AND FINANCIAL POSITION SUMMA HEALTH
More informationSOUTH CENTRAL REGIONAL MEDICAL CENTER Laurel, Mississippi. Audited Financial Statements As of and for the Years Ended September 30, 2015 and 2014
SOUTH CENTRAL REGIONAL MEDICAL CENTER Laurel, Mississippi Audited Financial Statements As of and for the Years Ended September 30, 2015 and 2014 Laurel, Mississippi Board of Trustees Frank C. Therrell,
More informationProposed FY 2018 Operating Budget
Proposed FY 2018 Operating Budget June 27, 2017 HEALTHCARE FINANCE FY 2018 Operating Budget Revenue Assumptions The FY 2017 projected year end actuals include a net decrease of $4.2 million which includes
More informationALTRU HEALTH SYSTEM OBLIGATED GROUP COMBINED BALANCE SHEET SEPTEMBER 30, 2017 and 2016 ASSETS
COMBINED BALANCE SHEET SEPTEMBER 30, 2017 and 2016 ASSETS CURRENT ASSETS Cash & Cash Equivalents $ 45,798,938 $ 59,523,083 Investments 158,168,613 142,105,932 Receivables - Net 73,751,326 64,136,909 Notes
More informationMcGladrey&Pullen Certified Public Accountants. East Jefferson General Hospital and Related Organizations. Combined Financial Report
Combined Financial Report 12.31.2005 Under provisions of state law, this report is a public document. Acopy of the report has been submitted to the entity and other appropriate public officials. The report
More informationUniversity Hospital, Newark, New Jersey
University Hospital, Newark, New Jersey Proposed FY 2017 Operating Budget June 28, 2016 2 FY 2017 Revenue Budget Assumptions The FY 2016 projected year end actuals include additional revenue and expense
More informationANTELOPE VALLEY HEALTHCARE DISTRICT
REPORT OF INDEPENDENT AUDITORS IN ACCORDANCE WITH THE UNIFORM GUIDANCE AND CONSOLIDATED FINANCIAL STATEMENTS WITH REQUIRED SUPPLEMENTARY INFORMATION AND OTHER SUPPLEMENTARY INFORMATION FOR ANTELOPE VALLEY
More informationSouth Shore Health System, Inc. (Formerly South Shore Health and Educational Corporation) and Subsidiaries
South Shore Health System, Inc. (Formerly South Shore Health and Educational Corporation) and Subsidiaries Consolidated Financial Statements as of and for the Years Ended September 30, 2016 and 2015, Supplemental
More informationSAN BENITO HEALTH CARE DISTRICT
Audited Fimmcial Statements SAN BENITO HEALTH CARE DISTRICT dba: HAZEL HAWKINS MEMORIAL HOSPITAL June 30, 2013 Audited Financial Statements June 30,2013 Management's Discussion and Analysis... 1 Report
More informationAnnual Report For the Fiscal Year Ending 6/30/15
This Document is Dated as of October 1, 2015. SPECIAL NOTE CONCERNING FORWARD-LOOKING STATEMENTS: Certain of the discussions included in the Management Discussion and Analysis section of the following
More informationReport of Independent Auditors and Consolidated Financial Statements. Kaweah Delta Health Care District
Report of Independent Auditors and Consolidated Financial Statements Kaweah Delta Health Care District June 30, 2013 and 2012 CONTENTS PAGE MANAGEMENT S DISCUSSION AND ANALYSIS 1 16 REPORT OF INDEPENDENT
More informationSouth Shore Health System, Inc. and Subsidiaries
South Shore Health System, Inc. and Subsidiaries Consolidated Financial Statements as of and for the Years Ended September 30, 2017 and 2016, Supplemental Consolidating Schedules as of and for the Year
More informationALTRU HEALTH SYSTEM OBLIGATED GROUP COMBINED BALANCE SHEET DECEMBER 31, 2017 and 2016 ASSETS
COMBINED BALANCE SHEET DECEMBER 31, 2017 and 2016 ASSETS CURRENT ASSETS Cash & Cash Equivalents $ 34,484,497 $ 51,159,561 Investments 171,236,985 144,970,673 Receivables - Net 72,631,498 65,204,124 Notes
More informationMEDICAL UNIVERSITY HOSPITAL AUTHORITY (A Component Unit of The Medical University of South Carolina)
Basic Financial Statements and Required Supplementary Information (With Independent Auditors Report Thereon) Table of Contents Page(s) Independent Auditors Report 1 2 Management s Discussion and Analysis
More informationShands Jacksonville HealthCare, Inc. and Subsidiaries Consolidated Basic Financial Statements, Required Supplementary Information and Supplemental
Shands Jacksonville HealthCare, Inc. and Subsidiaries Consolidated Basic Financial Statements, Required Supplementary Information and Supplemental Consolidating Information Index Page(s) Management s Discussion
More informationHARRIS COUNTY HOSPITAL DISTRICT, A COMPONENT UNIT OF HARRIS COUNTY, TEXAS. Financial Statements. February 28, 2015 and 2014
Financial Statements (With Independent Auditors Report Thereon) Table of Contents Page(s) Independent Auditors Report 1 2 Management s Discussion and Analysis (Unaudited) 3 12 Financial Statements as of
More informationLESTER, MILLER & WELLS A CORPORA TION OF CERTIFIED PUBLIC ACCOUNTANTS
HOSPITAL SERVICE DISTRICT NO. 1 PARISH OF POINTE COUPEE MANAGEMENTS DISCUSSION AND ANALYSIS AND FINANCIAL STATEMENTS AND INDEPENDENT AUDITORS' REPORT FOR THE YEARS ENDED OCTOBER 31, 2017 AND 2016 LESTER,
More informationAllegiance Health and Subsidiaries Consolidated December 31, 2012 Financial Statements
Allegiance Health and Subsidiaries Consolidated December 31, 2012 Financial Statements Allegiance Health and Subsidiaries Consolidated Balance Sheets (dollors inthousands) December-LZ,June-12 Assets Current
More informationFINANCIAL REPORT SIX MONTHS ENDED DECEMBER 31, 2009 FYE 06/30/10
CEDARS-SINAI HEALTH SYSTEM FINANCIAL REPORT SIX MONTHS ENDED DECEMBER 31, FYE 06/30/10 STATISTICS: Average occupied beds for the month of December were 726 or 45 (5.8%) less than the budgeted amount of
More informationBRATTLEBORO MEMORIAL HOSPITAL FINANCIAL STATEMENTS. With Independent Auditors' Report
FINANCIAL STATEMENTS With Independent Auditors' Report TABLE OF CONTENTS Page(s) Independent Auditors' Report 1 Balance Sheets 2 Statements of Operations 3 Statements of Changes in Net Assets 4 Statements
More informationCAMC Health System, Inc. and Subsidiaries
CAMC Health System, Inc. and Subsidiaries Consolidated Financial Statements and Other Financial Information as of and for the Years Ended December 31, 2014 and 2013, and Independent Auditors Report CAMC
More informationJUPITER MEDICAL CENTER, INC. AND AFFILIATED COMPANIES. Jupiter, Florida. CONSOLIDATED FINANCIAL STATEMENTS September 30, 2015 and 2014
JUPITER MEDICAL CENTER, INC. AND AFFILIATED COMPANIES Jupiter, Florida CONSOLIDATED FINANCIAL STATEMENTS Jupiter, Florida CONSOLIDATED FINANCIAL STATEMENTS CONTENTS INDEPENDENT AUDITOR S REPORT... 1 FINANCIAL
More informationAurora Health Care, Inc. and Affiliates
Aurora Health Care, Inc. and Affiliates Consolidated Financial Statements as of and for the Years Ended December 31, 2017 and 2016, and Independent Auditors' Report AURORA HEALTH CARE, INC. AND AFFILIATES
More informationButler Health System and Subsidiaries. Consolidated Financial Statements June 30, 2012
Butler Health System and Subsidiaries Consolidated Financial Statements June 30, 2012 C O N T E N T S INDEPENDENT AUDITORS REPORT 1 CONSOLIDATED FINANCIAL STATEMENTS Consolidated balance sheets 2-3 Consolidated
More information