MaineHealth and Subsidiaries
Consolidated Statement of Operations
Consolidated Statement of Operations
YEAR ENDED SEPTEMBER 30, 2019
| ($ in thousands) 2019 |
|
| FUNDS RECEIVED | |
| Amounts charged for patient services | 5,229,057 |
| Less portion not received due to Medicare, Medicaid and private insurance reimbursement rates paid at amounts less than charged | (2,557,213) |
| Less portion of amounts charged not received due to lack of patient ability to pay | (142,634) |
| Less portion of amounts charged that were provided to patients as free care | (64,102) |
| Net payments received from services provided to patients | 2,465,108 |
| Gifts, earnings, on investments and other non-patient revenue | 288,523 |
| TOTAL FUNDS RECEIVED | 2,753,631 |
| FUNDS EXPENDED | |
| Salaries and benefits | 1,653,844 |
| Professional fees, purchasing services, supplies and taxes | 724,558 |
| Cost of facilities, depreciation, interest, other | 256,112 |
| TOTAL FUNDS EXPENDED | 2,634,514 |
| AMOUNTS EARNED FOR FUTURE INVESTMENTS IN PATIENT CARE AND COMMUNITY HEALTH PROGRAMS |
119,117 |
Source: Audited Financial Statements
S&P Global Ratings affirmed MaineHealth’s
financial strength with an A+ rating in 2020.
Moody’s Investors Service assigned
MaineHealth a rating of A1 in 2020.
