Methodist Financial Report

Methodist Health Services Corporation (MHSC) continued its strong financial performance in 2007. MHSC continued to realize the benefits of recent investments in facilities, technology, clinical information systems, and employees, allowing MHSC to control costs and provide outstanding healthcare more efficiently. The 5.25 percent operating margin represents another step toward Methodists’ goal of 7.0 percent, which is the margin necessary to adequately invest in its healthcare facilities and services and to provide community benefits consistent with its not-for-profit mission.

 

Financial highlights include:

• Posted a $17.3 million operating income in 2007.
• Recorded $316.6 million in net patient service revenues in 2007, a $12.6 million (4.1%) increase from 2006.
• Grew total assets to $427 million at December 31, 2007, a $30.5 million (7.7%) increase from 2006.
• Provided $74.9 million in community benefits in 2007 and $67.4 million in community benefits in 2006 including charitable care, discounted services, support of medical education, government subsidies, sponsorships, and community financial support.

 

Historical Statistics

Inpatient Admissions:

Emergency Department Visits:

Other Outpatient Visits:

Physician Practices Visits:

Total Community Benefits (In Millions):

 

2007 Financial Summary (In Millions)

Revenue:

Net Patient Service Revenue	$316.6
Other Operating Revenues	13.0
Total Operating Revenue	$329.6

Expenses:

Salaries and Benefits	$148.9
Other Expenses	137.0
Bad Debt Expense	26.4
Total Expenses	$312.3

Operating Income	$17.3
Non-Operating Revenue	17.5
Net Income Reinvested in Facilities, Equipment, and Technology	$34.8

2007 Operational Profile:

Licensed Beds	353
Average Medical Surgical Length of Stay	4.2
Employees – Full & Part-time	2,472
Medical/Dental Staff	760
Volunteer Hours	42,679

View audited financial statements for Methodist Health Services Corporation and subsidiaries for years ended December 31, 2006 & 2007.