Financial Statements
Complete Financial Statements (.pdf)
Financial Highlights
Statement of Activities
Balance Sheet
Cash Position
Endowment Assets and Similar Funds
Debt and Credit Ratings
Sponsored Research and Gifts
Strong Memorial Hospital
2004-05 Financial Statement Highlights
Strong Memorial Hospital Highlights
| ($ in thousands) | 2005 Actual | 2004 Actual |
| Total Operating Revenues | $740,591 | $693,820 |
| Total Operating Expenses | $704,275 | $666,068 |
| Income from Operations | $36,316 | $27,752 |
| Operating Margin | 4.9% | 4.0% |
| Nonoperating Revenue | $5,245 | $2,655 |
| Total Margin | $46,561 | $30,407 |
| Total Margin | 5.6% | 4.4% |
- Strong Memorial Hospital had a very favorable financial performance this past year, with an operating margin of 5.6% in 2005 as compared to 4.0% in fiscal 2004.
- Operating revenues increased by 6.7% due primarily to favorable third-party payer settlements recorded in Fiscal 2005, along with outpatient volume increases and modest payment rate increases from third-party payers.
- Operating expenses increased by 5.0% related to the volume growth noted above, wage and salary increases for staff, and inflationary trends in medical supplies and pharmaceuticals.
