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NOTICE

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

 

 

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