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
Financial Ratios
2005-06 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.
