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1) What can you assess regarding the operating revenue figures in 2018 and 2017? 2) What can you assess regarding net patient service revenue figures
1) What can you assess regarding the operating revenue figures in 2018 and 2017?
2) What can you assess regarding net patient service revenue figures in 2018 and 2017? Based on your assessment of the Income Statement what do you believe is the result of "change" in net patient service revenue in 2018 and 2017?
3) What can you assess regarding the operating and non-operating expenses over the years 2016-2018?
December 31,2018 (4) Changes in Net Position Table 2 below summarizes the Hospital's statement of revenues, expenses and changes in net position between 2018, 2017 and 2016. Table 2: Summary of Revenues, Expenses and Changes in Net Position 2018 2017 2016 S 1,324,289 S 156,746 60,959 1,151,024 S 120,446 28,307 1,299,777 1,005,074 116,027 29,940 1,541,994 1,151,041 672,024 199,641 60,006 546,197 122,031 62,055 Operating revenues: Net patient service revenue - (net of provision for bad debts of approximately $34,000 in 2018, S99,000 in 2017 and $135,000 in 2016) Disproportionate share revenue Other operating revenues Total operating revenues Operating expenses: Salaries and wages Employee benefits Pension expense Supplies and other expenses Professional liability Depreciation and amortization Total operating expenses Operating loss Non-operating revenues (expenses): State of New York appropriations, net State of New York professional liability appropriation Interest expense on capital-related debt Interest income MLMIC distribution income (note 2(q)) Contribution from Southampton affiliation Total non-operating revenues, net Excess deficiency) of revenues over expenses Transfers to the State University of New York Capital contributions from the State of New York Capital contributions Increase (decrease) in net position 584,187 163,520 75,188 461,462 7,984 54,429 1,346,770 (46.993) 513,279 140,519 79,591 424,657 2,137 50.244 1.210,427 (59,386) 1,661,954 (119.960) 32,308 47,114 47,643 122,031 (12,326) 4,261 2,937 7,984 (3,025) 1,899 2,137 (2,831) 1,364 3,840 57.812 10,819 (12,055) 13,181 1,966 149,211 29,251 (31,445) 23,284 4,034 48.313 (11,073) 1.376 S 25.124, S 13.911 S (9.697) 11 (Continued)Step by Step Solution
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