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.
Page updated 5/7/2009
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