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





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


Utilities           —


Depreciation   —

Other          6,014

Total Operating Expense        1,013,260


Excess of Revenue Over Expense      (277,257)



Jan 20