MaineHealth and Subsidiaries Consolidated Statement of Operations
YEAR ENDED SEPTEMBER 30, 2021
|($ in thousands)
|Amounts charged for patient services||6,666,388|
|Less portion not received due to Medicare, Medicaid and private insurance reimbursement rates paid at amounts less than charged||(3,440,336)|
|Less portion of amounts charged not received due to lack of patient ability to pay||(156,776)|
|Less portion of amounts charged that were provided to patients as free care||(53,035)|
|Net payments received from services provided to patients||3,016,241|
|Gifts, earnings on investments and other non-patient revenue||541,709|
|TOTAL FUNDS RECEIVED||3,557,950|
|Salaries and benefits||2,025,669|
|Professional fees, purchasing services, supplies and taxes||936,549|
|Cost of facilities, depreciation, interest, other||317,325|
|TOTAL FUNDS EXPENDED||3,279,543|
|AMOUNTS EARNED FOR FUTURE INVESTMENTS
IN PATIENT CARE AND COMMUNITY HEALTH PROGRAMS
Source: Audited Financial Statements and Monthly Finance Comm Pkt.
S&P Global Ratings affirmed MaineHealth’s
financial strength with an A+ rating in 2022.
Moody’s Investors Service affirmed
MaineHealth rating of A1 in 2022.