1. Analyze the differences in the data from year-to-year and identify key changes that have taken place.
2. Write a two-page paper that addresses the following items.
- Identify the key changes (line item) that have taken place.
- States assumptions regarding why these changes have taken place. Provide a rationale for your assumption using
health care financial terms and concepts.
Not-For-Profit Comprehensive Inpatient and Outpatient Health Center Consolidated Statements of Operations and Changes in Net Assets
|
2012 |
2011 |
| Operating revenue (losses): |
|
|
| Net patient service revenues |
417,087 |
405,087 |
| Other operating revenues |
7,797 |
9,109 |
| Contribution revenues |
2,228 |
2,054 |
| (Loss) gain on disposal of assets |
(54) |
1,682 |
| Net operating revenues |
?427,058 |
?417,932 |
| Operating expenses: |
|
|
| Salaries |
169,271 |
158,069 |
| Registeries |
2,652 |
4,017 |
| Employee benefis |
41,347 |
39,168 |
| Supplies |
64,595 |
67,420 |
| Purchases Services |
40,158 |
37,354 |
| Interest |
9,828 |
9,943 |
| Depreciation & Amortization |
30,027 |
22,701 |
| Provision for uncollectible accounts |
14,010 |
18,639 |
| Rent, leases, and utilities |
13,147 |
10,195 |
| Marketing, insurance, taxes, & other |
23,890 |
23,601 |
| Total operating expenses |
?408,925 |
?391,107 |
| Excess of revenues over expenses |
?18,133 |
?26,825 |
| Non operating revenues, net: |
|
|
| Investment income |
11,340 |
7,968 |
| Total nonoperating revenues, net |
?11,340 |
?7,968 |
| Excess of revenues over expenses |
29,473 |
34,793 |
| Other changes in unrestricted net assests: |
|
|
| Net assets released for capital acquisitions |
1,032 |
226 |
| Change in pension liability |
(8,765) |
4,692 |
| Change in net unrealized (losses) gains on investments |
(7,902) |
27,196 |
| Appropriation of endownment assets for expenditure |
165 |
98 |
| Consolidation of joint venture |
2,792 |
- |
| Increase in unrestricted net assets |
?16,795 |
?67,005 |
| Change in temporarily restricted net assets: |
|
|
| Contributions |
4,139 |
1,894 |
| Investment income |
145 |
167 |
| Change in net unrealized (losses) gains on investments |
(18) |
675 |
| Net assets released from restrictions |
(2,426) |
(1,559) |
| Increase in temorarily restrictect net assets |
?1,840 |
?1,177 |
| Change in permanently restricted net assets: |
|
|
| Contributions |
256 |
20 |
| Increase in permanently restricted net assets |
?256 |
?20 |
| Increase in net assets |
18,891 |
68,202 |
| Net assets, beginning of year |
306,733 |
238,531 |
| Net assets, end of year |
325,624 |
306,733 |