NOTICE
The following financial statements are presented below by Camden Clark Medical Center in accordance with the Health Care Financial Disclosure Law of West Virginia. All other statements and schedules required to be filed are available for public inspection and copying at the Office of the Director, The Health Care Authority, 100 Dee Drive, Charleston, West Virginia 25311, during regular hours, 8:00 a.m. to 5:00 p.m. on any business day.
CAMDEN CLARK MEDICAL CENTER
SUMMARY INCOME STATEMENT STATEMENT FOR THE YEAR ENDED DECEMBER 31, 2014 ($ IN THOUSANDS)
NET PATIENT REVENUE $ 221,990
OTHER REVENUE 6,583
TOTAL REVENUE 228,573
OPERATING EXPENSES
SALARIES AND WAGES 82,636
EMPLOYEE BENEFITS 18,948
SUPPLIES AND OTHER 108,335
DEPRECIATION 18,882
INTEREST 7,610
TOTAL EXPENSES 236,411
OPERATING INCOME (7,838)
OTHER INCOME (LOSS) (10,027)
REVENUE IN EXCESS OF (LESS THAN) EXPENSES
$ (17,865)
CAMDEN CLARK MEDICAL CENTER
BALANCE SHEET ASSETS
FOR THE YEAR ENDED DECEMBER 31, 2014 ($ IN THOUSANDS)
CURRENT ASSETS
CASH & CASH EQUIVALENTS 6,103
CURRENT PORTION OF ASSEST WHOSE USE IS
LIMITED 2,767
NET PATIENT RECEIVABLES 24,750
OTHER RECEIVABLES 789
DUE FROM AFFILIATES 18,808
INVENTORIES 5,880
PREPAID EXPENSES 5,224
TOTAL CURRENT ASSETS 64,321
ASSETS LIMITED TO USE 91,874
PROPERTY, PLANT AND EQUIPMENT, NET 157,437
OTHER ASSETS 16,214
GRAND TOTAL ASSETS $ 329,846
CAMDEN CLARK MEDICAL CENTER
BALANCE SHEET LIABILITIES AND EQUITY FOR THE YEAR ENDED DECEMBER 31, 2014 ($ IN THOUSANDS)
CURRENT LIABILITIES
LINE OF CREDIT 9,533
CURRENT PORTION OF LONG TERM DEBT
4,235
ACCOUNTS PAYABLE 14,385
DUE TO AFFILIATES 3,777
ESTIMATED THIRD PARTY SETTLEMENTS (434)
SALARIES AND BENEFITS PAYABLE 8,213
ACCRUED INTEREST PAYABLE (65)
CURRENT PORTION OF MALPRACTICE COSTS
1,400
TOTAL CURRENT LIABILITIES 41,044
LONG TERM DEBT, NET OF CURRENT PORTION
212,464
MALPRACTICE COSTS 8,666
DERIVATIVE FINANCIAL INSTRUMENTS 17,862
PENSION LIABILITY 8,782
OTHER LIABILITIES 1,201
TOTAL LIABILITIES 290,019
NET ASSESTS
UNRESTRICTED 39,827
TOTAL NET ASSETS 39,827
TOTAL LIABILITIES AND NET ASSET
$329,846
CAMDEN CLARK MEDICAL CENTER
STATEMENT OF CHANGES IN NET ASSETS
Jun 1