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6. What percentage of total operating expenses do salaries, wages and fringe benefits account for each year? The 2019 salaries, wages and fringe benefits percentage
6. What percentage of total operating expenses do salaries, wages and fringe benefits account for each year? The 2019 salaries, wages and fringe benefits percentage was __________ The 2018 salaries, wages and fringe benefits percentage was __________
The following are excerpts from the Sarasota Financial Reports located at: https://www.smh.com/Home/About-Us/Financials SARASOTA COUNTY PUBLIC HOSPITAL DISTRICT Statements of Revenues, Expenses, and Changes in Net Position Years ended September 30, 2019 and 2018 2019 2018 Operating revenues: Net patient service revenue, net of provision for bad debts of $193,094,193 in 2019 and $162,730,098 in 2018 Other revenue $ 962,713,515 22,698,714 861,236,665 19,884,691 Total operating revenues 985,412,229 881,121,356 Operating expenses: Salaries, wages and fringe benefits Supplies Purchased services Professional fees State of Florida medical assistance assessment Depreciation and amortization 488,285,569 201,440,359 114,223,827 27,820.587 11,712,294 50,398,563 430,586,007 180,213,886 100,530,004 25,624,227 10,427,911 48,798,307 Total operating expenses 893,881,199 796,180,342 Operating income 91,531,030 84,941,014 58,136,476 (11,444, 104) 2,060,436 Nonoperating items: Ad valorem tax Interest expense Interest rate swap receipts, net Bond issue costs Loss on defeasance Investment income Unrealized gains and losses on investments, net Change in fair value of ineffective interest rate swaps Other nonoperating income Total nonoperating items Excess of revenues over expenses 54,313,958 (15,556,104) 1,594,999 (3,016,338) (3,860,311) 16,816,734 (16,862,278) (798,315) 2,132,385 20,969,144 37,757,412 1,245,429 309.742 109.034,535 34,764,730 200,565,565 119,705,744 SARASOTA COUNTY PUBLIC HOSPITAL DISTRICT Notes to Financial Statements September 30, 2019 and 2018 The difference between customary charges and the contractually established rates is accounted for as a contractual adjustment. The District's customary charges, contractual adjustments, and provision for bad debts for the years ended September 30, 2019 and 2018 are as follows: 2019 2018 Gross patient charges Contractual adjustments Provision for bad debts Net patient service revenue $ 4,917,968.197 (3.762, 160,489) (193.094, 193) $ 962.713,515 4.249,943,216 (3,225,976,453) (162.730,098) 861,236,665 SARASOTA COUNTY PUBLIC HOSPITAL DISTRICT Management's Discussion and Analysis September 30, 2019 and 2018 (Unaudited) Fiscal year ended September 30 2018 2017 2016 2019 2015 829 748 437 58.0 159,503 819 701 423 60.0 154,821 819 701 383 55.0 139,815 43.120 36,016 33.262 31,946 28,042 Licensed beds 839 829 Average number of beds in service 828 784 Average daily census 543 473 Percent occupancy 66.0 60.0 Patient days 198,342 172,540 Admissions Adjusted admissions (1) 68,937 59,786 Average length of stay 4.60 4.79 Emergency Room Visits/Registration 125,195 122,942 Surgery Cases 24,685 23,369 Radiology procedures 358,746 342,059 Cardiac Catheterization procedures 15,823 14,930 (1) Inpatient admissions adjusted for equivalent hospital outpatient volume. 55.244 4.85 124,065 56,378 4.80 122 654 22,195 326,129 14,257 21,347 51218 4.99 116,377 19,918 302,375 11,910 329,830 12,675
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