MaineHealth and Subsidiaries Consolidated Statement of Operations
YEAR ENDED SEPTEMBER 30, 2020
| ($ in thousands) 2020 |
|
| FUNDS RECEIVED | |
| Amounts charged for patient services | 5,398,673 |
| Less portion not received due to Medicare, Medicaid and private insurance reimbursement rates paid at amounts less than charged | (2,724,227) |
| Less portion of amounts charged not received due to lack of patient ability to pay | (122,512) |
| Less portion of amounts charged that were provided to patients as free care | (77,630) |
| Net payments received from services provided to patients | 2,474,304 |
| Gifts, earnings on investments and other non-patient revenue | 634,627 |
| TOTAL FUNDS RECEIVED | 3,108,931 |
| FUNDS EXPENDED | |
| Salaries and benefits | 1,840,205 |
| Professional fees, purchasing services, supplies and taxes | 774,433 |
| Cost of facilities, depreciation, interest, other | 290,453 |
| TOTAL FUNDS EXPENDED | 2,905,091 |
| AMOUNTS EARNED FOR FUTURE INVESTMENTS IN PATIENT CARE AND COMMUNITY HEALTH PROGRAMS |
203,840 |
Source: Audited Financial Statements and Monthly Finance Comm Pkt.
S&P Global Ratings affirmed MaineHealth’s
financial strength with an A+ rating in 2021.
Moody’s Investors Service affirmed
MaineHealth rating of A1 in 2021.
