picture

Montage Health 2018 FISCAL YEAR

Operating Expenses
Operating Expenses

Statement of Consolidated Operations

We billed patients for:
Inpatient general care $ 416,942,000
Inpatient allied services $ 788,724,000
Outpatient allied and professional services $ 668,981,000
We also received revenue from:
Donations and investment earnings $ 45,124,000
Health plan activities $ 34,498,000
Community Health Innovations $ 4,472,000
Montage Wellness Center $ 3,625,000
Other business activities $ 35,995,000
Total gross revenue $ 1,998,361,000
However...
Government and commercial insurance failed to pay $ 1,249,469,000
Administrative adjustments $ 23,185,000
Patients failed to pay (bad debt) $ 12,228,000
Charity care provided $ 11,918,000
Total we did not collect $ 1,296,860,000
Total net operating revenue $ 701,501,000
We had operating expenses for:
Employee wages, benefits, and temporary staff $ 358,561,000
Supplies and services $ 201,861,000
Medical claims $ 26,606,000
Depreciation $ 37,904,000
Interest $ 5,084,000
Total operating expenses $ 630,016,000
Amount retained for improvement of services and facilities $ 71,485,000

Balance Sheet


Assets

Current
Cash and equivalents $ 44,799,000
Net accounts receivable $ 101,750,000
Other current assets $ 88,195,000
Total $ 234,744,000
Limited as to use
For capital replacement and expansion $ 478,189,000
Donor restricted $ 251,033,000
Other $ 729,000
Total $ 729,951,000
Other
Other investments and receivables $ 36,595,000
Other long-term assets $ 5,966,000
Net property, plant, and equipment $ 483,661,000
Total $ 526,222,000
TOTAL ASSETS $ 1,490,917,000

Liabilities

Current
Accounts payable $ 29,622,000
Other current liabilities $ 115,220,000
Total $ 144,842,000
Long-term
Long-term debt $ 173,902,000
Pension benefit obligation $ 82,027,000
Post-retirement health obligation $ 35,610,000
Other long-term liabilities $ 25,331,000
Total $ 316,870,000
Total liabilities $ 461,712,000

Net Assets

Without restrictions $ 765,423,000
With restrictions $ 263,782,000
Total net assets $ 1,029,205,000
Total liabilities and net assets $ 1,490,917,000

Stay in touch

Sign-up to have Montage Health updates delivered to your inbox.