Metropolis Health System Statement of Revenue and Expenses For the Years Ended M
ID: 2557157 • Letter: M
Question
Metropolis Health System Statement of Revenue and Expenses For the Years Ended March 31, 20X3 and 20X2
Revenue
Net patient service revenue $34,000,00 $33,600,000
Other revenue 1,100,000 1,000,000
Total Operating Revenue 35,100,000 34,600,000
Expenses
Nursing services 5,025,000 5,450,000
Other professional services 13,100,000 12,950,000
General services 3,200,000 3,220,000
Support services 8,300,000 8,340,000
Depreciation 1,900,00 1,800,00
Amortization 50,000 50,000
Interest 325,000 350,000
Provision for doubtful accounts 1,500,000 1,600,000
total Expenses 33,400,000 33,760,000
Income from Operations 1,700,000 840,000
Nonoperating Gains (Losses)
Unrestricted gifts and memorials 20,000 70,000
Interest income 80,000 40,000
Nonoperating Gains, Net 100,000 110,000
Revenue and Gains in Excess of Expenses and Losses $1,800,000 $950,000
Revenue Year2 Year 1 Difference Percent
Net patient service revenue
Othert revenue
Total operating Revenue
Expenses
Nursing Services
Other professional Services
General Services
Support services
Depreciation
Amortization
Interest
Provision for doubtful accounts
Total Expenses
Income from Operations
Nonoperating Gains (Losses)
Unrestricted gifts and Memorials
Interest income
Nonoperating Gains net
Revenues and gains in Excess of Expenses and Losses
Metropolis Health System Statement of Revenue and Expenses For the Years Ended March 31, 20X3 and 20X2
Revenue
Net patient service revenue $34,000,00 $33,600,000
Other revenue 1,100,000 1,000,000
Total Operating Revenue 35,100,000 34,600,000
Expenses
Nursing services 5,025,000 5,450,000
Other professional services 13,100,000 12,950,000
General services 3,200,000 3,220,000
Support services 8,300,000 8,340,000
Depreciation 1,900,00 1,800,00
Amortization 50,000 50,000
Interest 325,000 350,000
Provision for doubtful accounts 1,500,000 1,600,000
total Expenses 33,400,000 33,760,000
Income from Operations 1,700,000 840,000
Nonoperating Gains (Losses)
Unrestricted gifts and memorials 20,000 70,000
Interest income 80,000 40,000
Nonoperating Gains, Net 100,000 110,000
Revenue and Gains in Excess of Expenses and Losses $1,800,000 $950,000
Revenue Year2 Year 1 Difference Percent
Net patient service revenue
Othert revenue
Total operating Revenue
Expenses
Nursing Services
Other professional Services
General Services
Support services
Depreciation
Amortization
Interest
Provision for doubtful accounts
Total Expenses
Income from Operations
Nonoperating Gains (Losses)
Unrestricted gifts and Memorials
Interest income
Nonoperating Gains net
Revenues and gains in Excess of Expenses and Losses
Year 2 Year 1 Difference Provision for doubtful accountsExplanation / Answer
Year 2 Year 1 Difference Percent Revenue Net patient service revenue $34,000,000 $33,600,000 $400,000 1.19% Other revenue $1,100,000 $1,000,000 $100,000 10% Total Operating revenue $35,100,000 $34,600,000 $500,000 1.46% Expenses Nursing Services $5,025,000 $5,450,000 -$425,000 -7.80% Other Professional services $13,100,000 $12,950,000 $150,000 1.16% General Services $3,200,000 $3,220,000 -$20,000 -0.62% Support Services $8,300,000 $8,340,000 -$40,000 -0.48% Depreciation $1,900,000 $1,800,000 $100,000 5.56% Amortization $50,000 $50,000 $0 0% Interest $325,000 $350,000 -$25,000 -7.14% Provision for doubtful accounts $1,500,000 $1,600,000 -$100,000 -6.25% Total Expenses $33,400,000 $33,760,000 -$360,000 -1.07% Income from Operations $1,700,000 $840,000 $860,000 102.38% Nonoperating Gains (Losses) Unrestricted Gifts and Memorials $20,000 $70,000 -$50,000 -71.43% Interest Income $80,000 $40,000 $40,000 100% Non Operating Gains net $100,000 $110,000 -$10,000 -10% Revenues and gains in excess of Expenses and losses $1,800,000 $950,000 $850,000 89.47%