Methodist Financial Report
Methodist Health Services Corporation (MHSC) continued its strong financial performance in 2010. MHSC continued to realize the benefits of recent investments in facilities, technology, clinical information systems, and employees, allowing MHSC to control costs and provide outstanding healthcare more efficiently.
Financial highlights
- Posted a 9.3 million operating income in 2010.
- Recorded $347.6 million in net patient service revenues in 2010, a $13.5 million increase from 2009.
- Grew total assets to $531 million at December 31, 2010, a $47.1 million increase from 2009.
- Provided $61.5 million in community benefits in 2010 and $65.1 million in community benefits in 2009 including charitable care, discounted services, support of medical education, government subsidies, sponsorships, and community financial support.
Historical Statistics
Inpatient Admissions
Emergency Department Visits
Other Outpatient Visits
Physician Practices Visits
Total Community Benefits (In Millions)
2010 Financial Summary (in millions)
Revenue
|
Net Patient Service Revenue
|
$347.6
|
|
Other Operating Revenues
|
19.1
|
|
Total Operating Revenue
|
$366.7
|
Expenses
|
Salaries and Benefits
|
$179.2
|
|
Other Expenses
|
155.9
|
|
Bad Debt Expense
|
22.3
|
|
Total Expenses
|
$357.4
|
|
Operating Income
|
$9.3
|
|
Non-Operating Revenue
|
(0.2)
|
|
Net Income Reinvested in Facilities, Equipment, and Technology
|
($9.5)
|
2010 Operational Profile
|
Licensed Beds
|
329
|
|
Average Medical Surgical Length of Stay
|
4.0
|
|
Employees – Full & Part-time
|
3,005
|
|
Medical/Dental Staff
|
750
|
|
Volunteer Hours
|
56,595
|
View audited financial statements for Methodist Health Services Corporation and subsidiaries for years ended December 31, 2010 & 2009.
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