Source: January 20, 2015 Read More →

NOTICE

NOTICE

 

MHC Physicians, Inc., a WV Professional Corporation owned by Marietta Memorial Hospital presents the following financial statements 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, WV 25311, during regular hours, 8:00 AM to 5:00 PM on any business day.

 

Summary of Revenues and Expenses Year Ended September 30th, 2014

 

MHC Physicians Inc.

Balance Sheet

30-Sep-14

 

Assets

 

Current Assets:

Patient Accounts Receivable    454,234

Total Current assets      454,234

Total Assets       454,234

 

Liabilities and Net Assets

 

Current Liabilities

Due to Marietta Memorial Hospital  2,628,509

Total Current Liabilities        2,628,509

 

Net Assets

Unrestricted    (2,174,275)

Total Liabilities and Net Assets           454,234

 

MHC Physicians Inc.

Statement of Cash Flows

Year Ended September 30, 2014

 

Operating Activities

Change in Net Assets (277,257)

 

Changes in Operating Assets and Liabilities

Patients Accounts Receivable            (70,036)

Due to related party       347,293

Net cash from operating activities     (0)

 

Cash beginning of year          0

 

Cash end of year         (0)

 

MHC Physicians Inc.

Statement of Revenue and Expenses

Year Ended September 30, 2014

 

Net Revenue      736,003

 

Operating expenses:

Salaries           812,496

Benefits          162,499

Supplies          16,411

Purchased Services     1,986

Medical Professional —

Bad debts        12,469

Rent    1,385

Insurance

Utilities           —

Interest

Depreciation   —

Other          6,014

Total Operating Expense        1,013,260

 

Excess of Revenue Over Expense      (277,257)

 

 

Jan 20