CRC Online Almanac

 

Table 1
Summary Finances of Michigan Hospitals: Fiscal Years ending in 1998 and 2000

    1998 2000 Amount
Difference		 Percent
Difference
  Inpatient revenue $13,509,515,360 $14,526,115,333 $1,016,599,973 7.5
Plus Outpatient revenue 9,411,513,215 11,137,987,425 1,726,474,210 18.3
Equals Total patient revenue 22,921,028,575 25,664,102,758 2,743,074,183 12.0
Less Contractual allowances & discounts 9,261,700,489 11,611,445,100 2,349,744,611 25.4
Equals Net patient revenue 13,659,328,086 14,052,657,658 393,329,572 2.9
Less Total operating expenses 14,014,756,434 14,874,422,602 859,666,168 6.1
Equals Net patient revenue from services (355,428,348) (821,764,944) (466,336,596) 131.2
Plus Other income and expenses 1,218,511,462 1,457,152,203 433,289,332 35.6
Equals Surplus/deficit $ 863,083,114 $ 635,387,359 $ (227,695,755) -26.4

 

NOTE:

 

All other income and expenses for 2000 includes a $325.3 million amount recorded by the University Health System at the University of Michigan largely resulting from market value and investment adjustments.

Source: Medicaid cost reports filed with the Michigan Department of Community Health

This and other tables summarizing the finances of Michigan hospitals in 1998 and 2000 are part of a series of reports published by the Citizens Research Council of Michigan. To view a listing of other tables, click here. To view a listing of these reports, click here.