North Mississippi Health Services, Inc. and Subsidiaries
Consolidated Statements of Operations
       
       
Operating Statement   2004   2003
For the year ended September 30,        
       
WHERE THE MONEY COMES FROM:        
We billed for services to inpatients    $    613,802,198    $    574,172,188
We billed for services to outpatients          430,961,945          391,450,018
We had other operating revenue of            22,818,118            15,593,180
Total operating revenue       1,067,582,261          981,215,386
       
BECAUSE WE DID NOT RECEIVE FULL PAYMENT:        
From those unable to pay (charity care)           (45,177,000)           (31,615,000)
From Medicare and Medicaid         (368,733,780)         (333,493,749)
From other contracted payors           (66,388,635)           (65,121,327)
Therefore we wrote off         (480,299,415)         (430,230,076)
OUR NET REVENUE WAS          587,282,846          550,985,310
       
WHERE THE MONEY GOES:        
To pay our 6,124 employees salaries and benefits          303,990,604          275,881,240
To purchase supplies and services          175,809,642          163,300,607
To allow for wear and tear on buildings and equipment            37,666,048            35,151,383
To pay for utilities              6,808,359              6,084,100
To pay interest on our outstanding debt              3,341,465              4,906,439
To allow for those patients who are unwilling to pay
(bad debts)		            52,252,955            41,497,709
Our total expense was          579,869,073          526,821,478
       
This provides an operating margin of  

           7,413,773

 

         24,163,832

         
We had income from investments
and nonoperating revenue of 		 

         16,412,672

 

         16,852,061

       
Funds remaining to pay on outstanding debt
and to invest in the hospital system's future		  

 $      23,826,445

 

 $      41,015,893

(new and replacement equipment, new technology,
new services, etc.)		        
     
       
       
Hospital System Statistics:        
Admissions - inpatient                  39,611                  38,953
Nursing home patient days                  94,358                  91,884
Emergency department visits                105,551                101,659
Outpatient visits                327,915                323,076
Home care visits                261,875                281,607
Surgeries                  19,341                  24,040
Clinic encounters                575,397                579,705
       

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