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, 2016
MHC Physicians Inc.
Balance Sheet
30-Sep-16
Assets
Current Assets:
Patient Accounts Receivable 388,901
Total Current assets 388,901
Total Assets 388,901
Liabilities and Net Assets
Current Liabilities
Due to Marietta Memorial Hospital 3,120,813
Total Current Liabilities 3,120,813
Net Assets
Unrestricted (2,731,912)
Total Liabilities and Net Assets 388,901
MHC Physicians Inc.
Statement of Cash Flows
Year Ended September 30, 2016
Operating Activities
Change in net assets (467,535)
Changes in operating assets and liabilities
Patients accounts receivable (1,109)
Due to related party 468,644
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, 2016
Net Revenue 1,434,954
Operating expenses:
Salaries 1,518,295
Benefits 303,659
Supplies 31,149
Purchased Services 4,636
Medical Professional —
Bad debts 33,547
Rent 2,553
Insurance
Utilities —
Interest
Depreciation —
Other 8,650
Total operating Expense 1,902,489
Excess of revenue over expense (467,535)
Jan 14