Financial Statement Highlights
Strong Memorial Hospital Financial Statements
| ($ in thousands) | 2006 Actual | 2005 Actual |
| Total Operating Revenues | $809,456 | $740,591 |
| Total Operating Expenses | $765,050 | $704,275 |
| Income from Operations | $44,406 | $36,316 |
| Operating Margin | 5.5% | 4.9% |
| Nonoperating Revenue | $16,780 | $5,245 |
| Total Margin | $61,186 | $41,561 |
| Total Margin | 7.6% | 5.6% |
- Strong Memorial Hospital again showed strong performance, with an operating margin of 5.5% in 2006 as compared to 4.9% in fiscal year 2005.
- Operating revenues increased by 9.3% due primarily to favorable inpatient case mix, higher than budgeted reimbursement rates and growth in selected outpatient areas.
- Operating expenses increased by 8.6% related to wage and salary increases for staff as well as costs associated with increased patient volumes and acuity, and inflationary trends in medical supplies and pharmaceuticals.
Page updated 5/7/2009
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