Page 150 - Flipbook January Board

Robert Packer Hospital
Detailed Operating Statement
For the Period Ending December 31, 2018

Month to Date Year to Date
Actual Budget $ Variance Actual Budget $ Variance

95,952,666 91,925,962 4,026,704 Patient Service Revenue 604,352,620 597,798,886 6,553,733
65,791,797 62,180,150 (3,611,647) Allowances and Uncollectible Accounts 412,500,419 405,179,316 (7,321,103)
404,631 695,590 290,959 Denials 2,887,778 4,508,428 1,620,651
173,254 186,628 13,373 Charity Care 1,366,928 1,210,783 (156,145)
0 0 0 Insurance Incentives 0 0 0

29,582,984 28,863,594 719,389 Patient Service Revenue Net of Contractual and Other Allowances 187,597,495 186,900,360 697,136

2,132,407 1,935,544 (196,863) Provision for Bad Debt 12,363,287 12,598,217 234,930

27,450,576 26,928,050 522,527 Net Patient Service Revenue 175,234,208 174,302,143 932,066
1,346,508 937,875 408,633 Operating Revenues and Support 6,580,298 5,830,057 750,240
0 0 0 Gain on Retirement of Debt 0 0 0
28,797,084 27,865,925 931,159 Total Operating Revenues 181,814,506 180,132,200 1,682,306

6,863,427 7,114,898 251,471 Salaries - Non-Provider 41,606,330 44,749,006 3,142,676
0 0 0 Salaries - Provider 0 0 0
1,642,482 1,668,400 25,918 Employee Benefits 11,333,155 10,632,970 (700,185)
6,691,981 5,685,453 (1,006,529) Purchased Services 41,338,495 34,605,455 (6,733,040)
1,673,752 1,668,552 (5,200) Physician Fees 10,770,436 10,174,557 (595,879)
4,050,229 3,762,835 (287,394) Supplies 25,081,554 24,104,910 (976,643)
3,155,686 2,500,856 (654,831) Pharmaceuticals 18,830,259 15,711,843 (3,118,417)
220,513 220,513 0 Insurance 1,323,077 1,323,077 0
1,839,637 1,645,366 (194,272) Other Expenses 12,007,578 10,195,376 (1,812,202)
1,235,355 1,294,095 58,740 Depreciation and Amortization 7,279,183 8,125,092 845,908
324,544 313,591 (10,953) Interest Expense 1,952,923 1,941,646 (11,277)
0 0 0 Loss on Early Extinguishment of Debt 0 0 0
0 0 0 Subsidy 0 0 0

27,697,608 25,874,558 (1,823,050) Operating Expenses 171,522,990 161,563,932 (9,959,058)

1,099,476 1,991,367 (891,890) Income From Operations before ARO 10,291,516 18,568,268 (8,276,752)
0 0 0 Adjustment of Asset Retirement Obligation (ARO) 0 0 0

1,099,476 1,991,367 (891,890) Income (Loss) From Operations After ARO 10,291,516 18,568,268 (8,276,752)

2,339,996 811,613 1,528,383 Investment Interest & Dividend Income 5,521,866 4,966,684 555,181
1,869,270 0 1,869,270 Gain (Loss) From Sale of Investments 17,654,183 0 17,654,183
(17,567,737) 0 (17,567,737) Unrealized Gain (Loss) on Investments (40,126,745) 0 (40,126,745)
(90,338) (93,902) 3,564 Investment Expense (565,314) (572,234) 6,920
(1,683,549) 0 (1,683,549) Change in Fair Value of Derivative Instrument (440,673) 0 (440,673)
(75,873) (77,017) 1,144 Gain (Loss) on Derivative Instrument (559,956) (535,718) (24,238)
0 0 0 Restructuring Expense 0 0 0
0 0 0 Merger Acquistion Cost 0 0 0
(6,409) 0 (6,409) Other Gains (41) 0 (41)

(15,214,640) 640,694 (15,855,334) Non Operating Gains (18,516,680) 3,858,732 (22,375,413)
(14,115,164) 2,632,060 (16,747,224) Excess Margin Before Extraordinary Items (8,225,164) 22,427,001 (30,652,165)

0 Extraordinary Items 0
(14,115,164) 2,632,060 (16,747,224) Excess Margin (8,225,164) 22,427,001 (30,652,165)