MaineHealth and Subsidiaries
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.