Indicators (sample)

This hospital's most recent cost reporting period is for the period ending 09/30/2008 / Definitions

 

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Financial Indicators were developed in cooperation with: See www.healthcareinsightsllc.com for information about their balanced scorecard / dashboard feature along with its alerts management function.
Period ending date 08/31/2008 08/31/2007 08/31/2006 08/31/2005 08/31/2004
Number of months in period 12 12 12 12 12
Cost report status As Submitted Settled Without Audit Reopened Settled Without Audit Reopened
 
EBITDAR - Earnings Before Interest, Taxes, Depreciation, Amortization, and Rent $33,007,286 $47,303,035 $39,313,646 $40,673,709 $31,951,182
Definition: net income + interest + depreciation and amortization + lease cost
net income (before taxes) $16,221,543 $30,176,743 $23,119,037 $26,410,604 $18,257,266
interest expense1 $-578,527 $-539,005 $-633,973 $-499,364 $-246,776
depreciation and amortization expense1 $17,364,270 $17,665,297 $16,828,582 $14,762,469 $13,940,692
lease cost $0 $0 $0 $0 $0
 
Operating Margin 2.5% 3.0% 4.1% 5.3% 3.7%
Definition: (tot oper rev - tot oper exp) / tot oper rev * 100
total operating revenue (net patient revenue) $353,474,810 $339,492,055 $320,737,484 $310,337,468 $276,995,850
total operating expense $344,775,314 $329,305,717 $307,458,401 $293,977,489 $266,809,698
 
Excess Margin 5.1% 8.9% 7.5% 8.8% 7.0%
Definition: (tot oper rev - tot oper exp + non-oper rev) / (tot oper rev + non-oper rev) * 100
total operating revenue (net patient revenue) $353,474,810 $339,492,055 $320,737,484 $310,337,468 $276,995,850
total operating expense $344,775,314 $329,305,717 $307,458,401 $293,977,489 $266,809,698
non-operating revenue (non-patient revenue) $9,983,041 $22,073,580 $11,780,918 $11,906,233 $9,859,678
 
Personnel Expense as a percent of Total Operating Revenue 53.9% 52.8% 52.7% 51.4% 53.2%
Definition: (salary expense + contract labor + fringe benefits ) / total operating rev * 100
salary expense $140,512,533 $133,734,420 $126,813,823 $120,529,873 $111,255,615
contract labor $16,462,240 $14,963,782 $12,868,556 $11,845,307 $10,794,170
fringe benefits $33,374,121 $30,503,361 $29,307,879 $27,258,680 $25,219,608
total operating revenue (net patient revenue) $353,474,810 $339,492,055 $320,737,484 $310,337,468 $276,995,850
 
Return on Equity 5.7% 11.0% 9.6% 12.2% 9.8%
Definition: net income / (total assets - total liabilities) * 100
net income (before taxes) $16,221,543 $30,176,743 $23,119,037 $26,410,604 $18,257,266
total assets (general fund only) $340,195,802 $338,423,056 $287,286,194 $266,992,392 $240,734,678
total liabilities (general fund only) $55,904,582 $64,889,664 $46,728,128 $50,794,982 $54,842,612
 
Return on Assets (ROA) 4.8% 8.9% 8.0% 9.9% 7.6%
Definition: net income / total assets * 100
net income (before taxes) $16,221,543 $30,176,743 $23,119,037 $26,410,604 $18,257,266
total assets (general fund only) $340,195,802 $338,423,056 $287,286,194 $266,992,392 $240,734,678
 
Current Ratio 1.3 1.3 1.9 1.7 1.5
Definition: total current assets / total current liabilities
total current assets (general fund only) $58,461,545 $66,605,431 $58,533,961 $54,965,834 $52,161,988
total current liabilities (general fund only) $43,508,328 $50,425,126 $30,246,829 $32,407,092 $34,662,762
 
Quick Ratio 1.2 1.3 1.7 1.5 1.4
Definition: (total current assets - inventory) / total current liabilities
total current assets (general fund only) $58,461,545 $66,605,431 $58,533,961 $54,965,834 $52,161,988
inventory (general fund only) $6,081,013 $0 $5,985,464 $5,045,080 $4,767,882
total current liabilities (general fund only) $43,508,328 $50,425,126 $30,246,829 $32,407,092 $34,662,762
 
Days Cash on Hand 2.5 12.4 13.7 11.2 12.0
Definition: (cash on hand + market securities) / [(total operating expenses - depreciation ) / 365]
cash on hand (general fund only) $2,227,465 $10,602,269 $10,896,603 $8,560,828 $8,335,443
market securities (temporary investments) (general fund only) $0 $0 $0 $0 $0
total operating expense $344,775,314 $329,305,717 $307,458,401 $293,977,489 $266,809,698
depreciation expense1 $17,364,270 $17,665,297 $16,828,582 $14,762,469 $13,940,692
 
Days Cash on Hand - All Sources 50.4 149.0 154.3 149.1 136.5
Definition: (cash on hand + mkt securities + investments) / [(total operatingexp - depreciation exp) / 365]
cash on hand (general fund only) $2,227,465 $10,602,269 $10,896,603 $8,560,828 $8,335,443
market securities (temporary investments) (general fund only) $0 $0 $0 $0 $0
investments (general fund only) $42,973,221 $116,634,395 $111,964,770 $105,502,613 $86,251,974
total operating expense $344,775,314 $329,305,717 $307,458,401 $293,977,489 $266,809,698
depreciation expense1 $17,364,270 $17,665,297 $16,828,582 $14,762,469 $13,940,692
 
Days in Net Patient Accounts Receivable 49.4 51.7 42.3 44.7 44.9
Definition: (accounts receivable - allowances for uncollectible) / (total operating revenue / 365)
accounts receivable (general fund only) $109,900,268 $108,239,721 $93,361,364 $89,115,569 $78,333,012
allowances for uncollectible (general fund only) $62,100,912 $60,133,093 $56,169,874 $51,131,113 $44,233,058
total operating revenue (net patient revenue) $353,474,810 $339,492,055 $320,737,484 $310,337,468 $276,995,850
 
Days in Net Total Receivable 49.4 51.7 42.3 44.7 44.9
Definition: (accounts receivable + notes receivable + other receivables - allowances for uncollectible) / (total operating revenue / 365)
accounts receivable (general fund only) $109,900,268 $108,239,721 $93,361,364 $89,115,569 $78,333,012
notes receivable (general fund only) $0 $0 $0 $0 $0
other receivables (general fund only) $0 $0 $0 $0 $0
allowances for uncollectible (general fund only) $62,100,912 $60,133,093 $56,169,874 $51,131,113 $44,233,058
total operating revenue (net patient revenue) $353,474,810 $339,492,055 $320,737,484 $310,337,468 $276,995,850
 
Average Payment Period (days) 48.1 58.7 37.7 42.1 49.7
Definition: total current liabilities / [(total operating expenses + total other expenses - depreciation) / 365]
total current liabilities (general fund only) $43,508,328 $50,425,126 $30,246,829 $32,407,092 $34,662,762
total operating expense $344,775,314 $329,305,717 $307,458,401 $293,977,489 $266,809,698
total other expense $2,460,994 $2,083,175 $1,940,964 $1,855,608 $1,788,564
depreciation expense1 $17,364,270 $17,665,297 $16,828,582 $14,762,469 $13,940,692
 
Inventory Turnover 59.8 0.0 55.6 63.9 60.2
Definition: (total operating revenue + non-operating revenue) / inventory
total operating revenue (net patient revenue) $353,474,810 $339,492,055 $320,737,484 $310,337,468 $276,995,850
non-operating revenue (non-patient revenue) $9,983,041 $22,073,580 $11,780,918 $11,906,233 $9,859,678
inventory (general fund only) $6,081,013 $0 $5,985,464 $5,045,080 $4,767,882
 
Total Asset Turnover 1.1 1.1 1.2 1.2 1.2
Definition: (total operating revenue + non-operating revenue) / total assets
total operating revenue (net patient revenue) $353,474,810 $339,492,055 $320,737,484 $310,337,468 $276,995,850
non-operating revenue (non-patient revenue) $9,983,041 $22,073,580 $11,780,918 $11,906,233 $9,859,678
total assets (general fund only) $340,195,802 $338,423,056 $287,286,194 $266,992,392 $240,734,678
 
Long Term Debt to Net Assets 0.04 0.05 0.07 0.09 0.11
Definition: total long term liabilities / (total assets - total liabilities)
total long term liabilities (general fund only) $12,396,254 $14,464,538 $16,481,299 $18,387,890 $20,179,850
total assets (general fund only) $340,195,802 $338,423,056 $287,286,194 $266,992,392 $240,734,678
total liabilities (general fund only) $55,904,582 $64,889,664 $46,728,128 $50,794,982 $54,842,612
 
Total Debt to Net Assets 0.20 0.24 0.19 0.23 0.30
Definition: total liabilities / (total assets - total liabilities)
total assets (general fund only) $340,195,802 $338,423,056 $287,286,194 $266,992,392 $240,734,678
total liabilities (general fund only) $55,904,582 $64,889,664 $46,728,128 $50,794,982 $54,842,612
 
Average Age of Plant 10.2 9.2 9.5 10.0 9.7
Definition: accumulated depreciation / depreciation expense
accumulated depreciation1 $177,765,109 $161,696,911 $159,212,902 $147,335,986 $134,652,677
depreciation expense1 $17,364,270 $17,665,297 $16,828,582 $14,762,469 $13,940,692

  1. Please note:
    Hospitals receiving 100% Federal prospective payment for capital were not required to complete Parts III - IV of Worksheet A-7 for cost reports beginning on or after October 1, 2001 and ending before February 29, 2004.  All other hospitals must complete Parts III and IV for all cost reporting periods ending on or after April 30, 2005.  This worksheet is the source of interest, depreciation, and amortization expense.