Methodist Financial Report

Methodist Health Services Corporation (MHSC) continued its strong financial performance in 2008. 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 5.78 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 $19.7 million operating income in 2008.
• Recorded $328.4 million in net patient service revenues in 2008, a $11.8 million (3.7%) increase from 2007.
• Grew total assets to $445 million at December 31, 2008, a $17.5 million (4.1%) increase from 2007.
• Provided $77.5 million in community benefits in 2008 and $74.9 million in community benefits in 2007 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):

2008 Financial Summary (in millions)

Revenue:

Net Patient Service Revenue	$328.4
Other Operating Revenues	13.1
Total Operating Revenue	$341.5

Expenses:

Salaries and Benefits	$158.3
Other Expenses	142.1
Bad Debt Expense	21.3
Total Expenses	$321.7

Operating Income	$19.7
Non-Operating Revenue	(75.1)
Net Income Reinvested in Facilities, Equipment, and Technology	($55.4)

2008 Operational Profile:

Licensed Beds	353
Average Medical Surgical Length of Stay	4.2
Employees – Full & Part-time	2,619
Medical/Dental Staff	760
Volunteer Hours	52,318

View audited financial statements for Methodist Health Services Corporation and subsidiaries for years ended December 31, 2007 & 2008.