Longmont United Hospital Statement of Operations
Financial Highlights
For the Year Ended December 31 (In thousands)
2011 2010 Revenue Gross Patient Revenue 445,447 452,109 Less Contractual Allowances (248,326) (256,862) Charity (23,528) (22,759) Net Patient Revenue 173,593 172,488 Other Operating Revenue 3,204 3,074 Total Operating Revenue 176,797 175,562 Expenses Salaries and Benefits 75,042 74,101 Supplies and Other Expenses 62,798 57,439 Professional Fees 6,296 5,874 Depreciation 10,324 11,772 Interest Expense 4,460 4,705 Provision for Uncollected Patient Accounts 15,870 16,245 Total Operating Expenses 174,790 170,136 Income from Operations 2,007 5,426 Interest and Other Non-operating Income 2,148 1,716 Excess of Unrestricted Revenue Over Expenses 4,155 7,142 Assets Released from Restriction 15 52 Net Change to Total Assets 4,170 7,194