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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 |
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