Docstoc

Copy of FINAL CLARION Case 2013 Financials.xlsx

Document Sample
Copy of FINAL CLARION Case 2013 Financials.xlsx Powered By Docstoc
					Assets

Current Assets
  Cash and cash equivalents
  Patient accounts receivable, less allowance for uncollectible
  accounts ($4,607,378 in 2012 and $4,760,862 in 2011)
  Other receivables
  Inventories
  Prepaid expenses
  Restricted current assets limited as to use
  Total current assets

Noncurrent Cash and Investments
  Internally designated
  Trustee-held funds, less current
  Total noncurrent cash and investments

Capital Assets
  Plant and equipment
  Less accumulated depreciation

  Land
  Construction in progress
  Capital assets, net

Other Assets
  Notes receivable, related party
  Joint venture investments and other notes receivable
  Unamortized bond issuance costs

       Total assets

Liabilities and Net Assets

Current Liabilities
  Accounts payable
  Salaries, wages and related liabilities
  Accrued interest payable
  Estimated third-party payer settlements
  Other accrued liabilities
  Current portion of long-term debt
     Total current liabilities
Long-Term Obligations

Accrued Pension Cost
    Total liabilities

Net Assets
  Unrestricted
  Invested in capital assets, net of related debt
  Restricted - expendable
     Total net assets

   Total liabilities and net assets
   2012           2011

$26,985,283    $31,474,082

 24,652,315     21,938,366
  1,771,987      1,899,610
  2,953,233      2,585,107
  2,681,760      3,827,563
  1,770,127      1,759,836
 60,814,705     63,484,564


118,421,242    108,774,067
     42,975         64,857
118,464,217    108,838,924


287,167,843    274,200,678
175,479,503    158,642,527
111,688,340    115,558,151
  1,746,052      1,715,612
 17,524,000     10,070,742
130,958,392    127,344,505


  6,393,312      6,888,600
  4,377,022      4,940,409
  1,154,161      1,087,913

322,161,809    312,584,915



   2012           2011

$11,760,815     $7,793,646
   9,368,698      8,684,990
     546,951        662,946
   4,147,314      3,440,978
   6,434,075      6,137,450
   4,175,000      3,915,000
$36,432,853    $30,635,010
  50,874,399      55,078,748

      827,218         891,762
 $88,134,470     $86,605,520


 156,199,779     155,669,973
  75,908,993      68,350,757
   1,918,567       1,958,665
 234,027,339     225,979,395

$322,161,809    $312,584,915
                                                                     2012             2011
Operating Revenue
  Net patient service revenue, net of provision for uncollectible
   accounts of $13,477,433 in 2012 and $12,148,564 in 2011        $191,744,749    $186,412,857
  Other operating revenue                                             3,658,254       3,205,792
        Total operating revenue                                   $195,403,003    $189,618,649

Operating Expenses
Salaries and wages                                                 69,849,513       68,974,227
Employee benefits                                                  24,383,941       26,470,602
Fees                                                               14,271,468       11,116,564
Supplies                                                           33,107,988       33,920,234
Purchased services                                                 25,442,914       23,519,907
Depreciation and amortization                                      17,604,155       17,326,263
Insurance                                                           2,008,345        2,265,610
Other                                                                 594,596          514,736
          Total operating expenses                                187,262,920      184,108,143

Operating Income                                                   $8,140,083       $5,510,506

Nonoperating Income (Expenses)
  Investment return                                                  3,360,339       11,869,709
  Interest expense                                                 (2,709,169)     ($3,025,497)
  Contributions to related organizations                          ($1,979,840)     ($2,675,810)
  Other nonoperating expense                                        ($765,585)       ($526,244)
     Total nonoperating income (expense)                          ($2,094,255)      $5,642,158

Increase in Net Assets                                             $6,045,828      $11,152,664

Net Assets, Beginning of Year                                   $226,361,738      $213,721,288

Net Assets, End of Year                                         $232,407,566      $224,873,952
                          Number                          Medicare
                                     Average
                             of                 Average   Case Mix
                                    Length of
                          Medicare              Charges    Index
                                      Stay
                         Inpatients                        (CMI)
Medicine                   1,155      5.52      $19,873   1.2976
Pulmonology                 599       3.85      $17,647   1.2929
Cardiology                  526       3.51      $17,999   1.0961
Orthopedic Surgery          462        3        $33,479   2.2864
Surgery                     302       5.2       $33,746   3.0172
Urology                     296       3.53      $15,257   1.1041
neurology                   190       3.17      $17,566    1.158
Psychiatry                  154       6.77      $12,165   0.8685
Cardiovascular Surgery      142       4.28      $52,034   2.8782
Orthopedics                 69        3.13      $12,206   0.9726
Vascular Surgery            50        3.02      $28,735   1.9059
Gynecology                  44        1.66      $18,967   0.9733
Oncology                    42        3.64      $17,809    1.716
Surgery for Malignancy      13        3.08      $19,446   1.3504
Total                      4,050      4.31      $22,217   1.5334

				
DOCUMENT INFO
Shared By:
Categories:
Tags:
Stats:
views:2
posted:3/21/2013
language:English
pages:6