Source: May 13, 2015 Read More →

Hampshire Memorial Hospital

Statement of Revenues and Expenses
Amounts in 1,000s

For The Year Ended December 31, 2014

Revenue
Unrestricted revenues, gains and other support
Patient service revenue, gross and charity care    $    41,869
Charity care    (1,114)
Contractual adjustments    (16,764)
Provision for uncollectible accounts    (1,999)
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Net patient service revenue    21,992
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Other operating revenue    670
Electronic health record incentive reimbursement    272
Investment income, net    12
Gifts and bequests    –
Net assets released from restrictions    –
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Total revenues, gains and other support    22,946
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Expenses
Expenses
Salaries and wages    7,602
Payroll taxes and benefits    1,894
Supplies and other    7,856
Corporate management fees    2,408
VPE allocation    –
Depreciation and amortization    1,889
Interest expense    1,884
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Total expenses    23,493
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Excess (deficit) of revenues over expenses    (547)

Other changes in net assets
Intercompany transfers, net    1,806
Net unrealized loss on investments    –
Change in value of derivatives    –
Change in pension plan funded status    –
Earnings in equity of wholly-owned Subsidiaries    –
Other changes    –
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Increase (decrease) in unrestricted net assets    $     1,259
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Balance Sheet
Amounts in 1,000s
December 31, 2014

Assets
Current Assets:
Cash and cash equivalents    $    2,629
Investments    –
Assets limited as to use    20,993
Patient accounts receivable, net    3,423
Estimated third-party settlements    –
Due from related entities    139
Inventory of supplies    284
Other current assets    180
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Total Current Assets    27,648
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Assets limited as to use, noncurrent    205

Property & equipment, net    32,178

Other Assets:
Deferred financing costs, net    390
Goodwill    4,400
Investments    720
Investments in wholly owned subsidiaries    –
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Total Other Assets    5,510
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Total Assets       $    65,541
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Liabilities and Net Assets
Current Liabilities:
Current installments of long-term debt    $    20,310
Accounts payable and accrued expenses    812
Accrued salaries and wages    –
Third-party settlements    1,873
Interest payable    –
Due to related entities    1,892
Other current liabilities    78
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Total Current Liabilities    24,965
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Long-term debt, excluding current installments    25,419

Accrued pension and post retirement obligations    –
Other liabilities    –
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Total Liabilities    50,384
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Net Assets:
Unrestricted    15,046
Temporarily restricted    111
Permanently restricted    –
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Total Net Assets    15,157
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Total Liabilities and Net Assets    $    65,541
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State of Cash Flows
Amounts in 1,000s
For the Year Ended December 31, 2014

Operating Activities
Excess of Revenues Over (Under) Expenses    $      (547)
Depreciation and Amortization    1,889
Provision for Uncollectible Accounts    2,022
Net Change in Working Capital & Other Liabilities    (23,574)
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Net Cash Provided (Used) by Operations    (20,210)

Investing Activities
Net Change in Property and Equipment    (934)
Net Change in Investments    408
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Net Cash Provided (Used) by Investing Activities    (526)
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Financing Activities
Net Change in Long-term Debt    20,728
Net Change in Due From (To) Affiliates    (1,300)
Transfers From (To) Parent/Affiliates    1,806
Net Cash Provided (Used) by Financing Activities    21,234
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Net Increase (Decrease) in Cash and Cash Equivalents    498
Cash and Cash Equivalents – Beginning of Period    2,105
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Cash and Cash Equivalents – End of Period    $     2,603
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5-13-1c
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