Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The state legislature and governor have just rejected additional Federal funding for Medicaid expansion. Assess the financial impact of this decision on MCH or WH.

The state legislature and governor have just rejected additional Federal funding for Medicaid expansion. Assess the financial impact of this decision on MCH or WH.

MIDDLEBORO COMMUNITY HOSPITAL
BALANCE SHEET ($)
AS OF DECEMBER 31,
2017 2016 2015
CURRENT ASSETS
Cash 16,008,364 16,343,949 10,438,282
Short Term Investments 6,546,791 3,283,445 3,029,393
Accounts Receivables - Gross 72,564,867 71,540,304 70,283,443
Allowances for Uncollectables 28,453,998 29,474,665 29,117,273
Accounts Receivables - Net 44,110,869 42,065,639 41,166,170
Due from Third Party Payers 378,559 349,228 103,450
Inventories 2,663,265 2,995,394 2,235,119
Prepaid Expenses 89,020 72,343 69,372
TOTAL CURRENT ASSETS 69,796,868 65,109,998 57,041,786
NON-CURRENT ASSETS
Property, Plant and Equipment - Gross 354,783,292 354,282,404 360,283,443
Less Accumulated Depreciation 176,453,887 171,133,779 165,242,577
Property, Plant and Equipment - Net 178,329,405 183,148,625 195,040,866
Other Investments 39,997,354 39,105,569 34,674,187
TOTAL ASSETS 288,123,627 287,364,192 286,756,839
CURRENT LIABILITIES
Accounts Payable 16,342,575 15,369,594 16,002,347
Accrued Salaries and Wages 10,453,274 8,259,669 7,345,002
Accrued Interest 134,569 156,304 700,585
Other Accrued Expenses 1,393,253 1,657,330 1,435,020
Due to Third Party Vendors 1,205,494 1,723,657 582,491
Long Term Debt Due Within One Year 5,142,939 4,920,338 4,823,293
TOTAL CURRENT LIABILITIES 34,672,104 32,086,892 30,888,738
Long Term Debt 67,540,223 75,330,404 82,374,337
TOTAL LIABILITIES 102,212,327 107,417,296 113,263,075
NET ASSETS
Restricted 6,128,484 6,034,292 6,203,445
Unrestricted 179,782,816 174,006,796 167,215,358
TOTAL NET ASSETS 185,911,300 180,041,088 173,418,803
NET ASSETS +LIABILITIES 288,123,627 287,458,384 286,681,878

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Merchandising Math A Managerial Approach

Authors: Doris Kincade, Fay Gibson, Ginger Woodard

1st Edition

0130995886, 978-0130995889

More Books

Students also viewed these Accounting questions

Question

Please help me evaluate this integral. 8 2 2 v - v

Answered: 1 week ago

Question

OUTCOME 1 Explain the reasons for equity-related legislation.

Answered: 1 week ago