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, 2015
MHC Physicians Inc.
Balance Sheet
30-Sep-15
Assets
Current Assets:
Patient Accounts Receivable 387,792
Total Current assets 387,792
Total Assets 387,792
Liabilities and Net Assets
Current Liabilities
Due to Marietta Memorial Hospital 2,999,462
Total Current Liabilities 2,999,462
Net Assets
Unrestricted (2,611,670)
Total Liabilities and Net Assets 387,792
MHC Physicians Inc.
Statement of Cash Flows
Year Ended September 30, 2015
Operating Activities
Change in Net Assets (437,395)
Changes in Operating Assets and Liabilities
Patients Accounts Receivable 66,442
Due to related party 370,953
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, 2015
Net Revenue 1,357,252
Operating expenses:
Salaries 1,410,976
Benefits 282,195
Supplies 45,041
Purchased Services 6,035
Medical Professional —
Bad debts 39,251
Rent 438
Insurance
Utilities —
Interest
Depreciation —
Other 10,711
Total Operating Expense 1,794,647
Excess of Revenue Over Expense (437,395)
Jan 11