{"id":4856,"date":"2024-03-18T12:09:52","date_gmt":"2024-03-18T16:09:52","guid":{"rendered":"https:\/\/annualreport.mhcah.org\/?page_id=4856"},"modified":"2024-03-20T10:09:22","modified_gmt":"2024-03-20T14:09:22","slug":"statement-of-operations","status":"publish","type":"page","link":"https:\/\/annualreport.mhcah.org\/annual-report-2023\/statement-of-operations\/","title":{"rendered":"Statement of Operations"},"content":{"rendered":"<p><div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-1 fusion-flex-container nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"background-color: rgba(255,255,255,0);background-position: center top;background-repeat: no-repeat;border-width: 0px 0px 0px 0px;border-color:rgba(255,255,255,0);border-style:solid;\" ><div class=\"fusion-builder-row fusion-row fusion-flex-align-items-flex-start fusion-flex-justify-content-center\" style=\"max-width:1193.4px;margin-left: calc(-2% \/ 2 );margin-right: calc(-2% \/ 2 );\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-0 fusion_builder_column_2_5 2_5 fusion-flex-column fusion-flex-align-self-stretch\"><div class=\"fusion-column-wrapper fusion-flex-justify-content-flex-start fusion-content-layout-column\" style=\"background-position:left top;background-repeat:no-repeat;-webkit-background-size:cover;-moz-background-size:cover;-o-background-size:cover;background-size:cover;padding: 0px 0px 0px 0px;\"><style type=\"text\/css\">@media only screen and (max-width:1024px) {.fusion-title.fusion-title-1{margin-top:20px!important; margin-right:0px!important;margin-bottom:0px!important;margin-left:0px!important;}}@media only screen and (max-width:640px) {.fusion-title.fusion-title-1{margin-top:0px!important; margin-right:0px!important;margin-bottom:0px!important; margin-left:0px!important;}}<\/style><div class=\"fusion-title title fusion-title-1 fusion-sep-none fusion-title-text fusion-title-size-one\" style=\"margin-top:20px;margin-right:0px;margin-bottom:0px;margin-left:0px;\"><h1 class=\"title-heading-left fusion-responsive-typography-calculated\" style=\"margin:0;--fontSize:40;line-height:1.25;\"><h1>Statement of Operations<\/h1><\/h1><\/div><\/div><style type=\"text\/css\">.fusion-body .fusion-builder-column-0{width:40% !important;}.fusion-builder-column-0 > .fusion-column-wrapper {padding-top : 0px !important;padding-right : 0px !important;margin-right : 2.45%;padding-bottom : 0px !important;padding-left : 0px !important;margin-left : 2.45%;}@media only screen and (max-width:1024px) {.fusion-body .fusion-builder-column-0{width:100% !important;order : 0;}.fusion-builder-column-0 > .fusion-column-wrapper {margin-right : 0.98%;margin-left : 0.98%;}}@media only screen and (max-width:640px) {.fusion-body .fusion-builder-column-0{width:100% !important;order : 0;}.fusion-builder-column-0 > .fusion-column-wrapper {margin-right : 0.98%;margin-left : 0.98%;}}<\/style><\/div><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-1 fusion_builder_column_3_5 3_5 fusion-flex-column\"><div class=\"fusion-column-wrapper fusion-flex-justify-content-flex-start fusion-content-layout-column\" style=\"background-position:left top;background-repeat:no-repeat;-webkit-background-size:cover;-moz-background-size:cover;-o-background-size:cover;background-size:cover;padding: 0px 0px 0px 0px;\"><div ><span class=\" fusion-imageframe imageframe-none imageframe-1 hover-type-none\"><img decoding=\"async\" width=\"1131\" height=\"740\" alt=\"Close-up of road sign, driveway, and main entrance to MaineHealth Care at Home offices in Saco\" title=\"mhcah hero\" src=\"https:\/\/annualreport.mhcah.org\/wp-content\/uploads\/sites\/16\/2023\/02\/mhcah-hero.jpg\" class=\"img-responsive wp-image-4665\" srcset=\"https:\/\/annualreport.mhcah.org\/wp-content\/uploads\/sites\/16\/2023\/02\/mhcah-hero-200x131.jpg 200w, https:\/\/annualreport.mhcah.org\/wp-content\/uploads\/sites\/16\/2023\/02\/mhcah-hero-400x262.jpg 400w, https:\/\/annualreport.mhcah.org\/wp-content\/uploads\/sites\/16\/2023\/02\/mhcah-hero-600x393.jpg 600w, https:\/\/annualreport.mhcah.org\/wp-content\/uploads\/sites\/16\/2023\/02\/mhcah-hero-800x523.jpg 800w, https:\/\/annualreport.mhcah.org\/wp-content\/uploads\/sites\/16\/2023\/02\/mhcah-hero.jpg 1131w\" sizes=\"(max-width: 1024px) 100vw, (max-width: 640px) 100vw, 800px\" \/><\/span><\/div><\/div><style type=\"text\/css\">.fusion-body .fusion-builder-column-1{width:60% !important;}.fusion-builder-column-1 > .fusion-column-wrapper {padding-top : 0px !important;padding-right : 0px !important;margin-right : 1.6333333333333%;padding-bottom : 0px !important;padding-left : 0px !important;margin-left : 1.6333333333333%;}@media only screen and (max-width:1024px) {.fusion-body .fusion-builder-column-1{width:100% !important;order : 0;}.fusion-builder-column-1 > .fusion-column-wrapper {margin-right : 0.98%;margin-left : 0.98%;}}@media only screen and (max-width:640px) {.fusion-body .fusion-builder-column-1{width:100% !important;order : 0;}.fusion-builder-column-1 > .fusion-column-wrapper {margin-right : 0.98%;margin-left : 0.98%;}}<\/style><\/div><\/div><style type=\"text\/css\">.fusion-body .fusion-flex-container.fusion-builder-row-1{ padding-top : 120px;margin-top : 0px;padding-right : 30px;padding-bottom : 0px;margin-bottom : 0px;padding-left : 30px;}<\/style><\/div><div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-2 fusion-flex-container nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"background-color: #ffffff;background-position: center center;background-repeat: no-repeat;border-width: 0px 0px 0px 0px;border-color:rgba(255,255,255,0);border-style:solid;\" ><div class=\"fusion-builder-row fusion-row fusion-flex-align-items-flex-start fusion-flex-justify-content-center\" style=\"max-width:1193.4px;margin-left: calc(-2% \/ 2 );margin-right: calc(-2% \/ 2 );\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-2 fusion_builder_column_4_5 4_5 fusion-flex-column\"><div class=\"fusion-column-wrapper fusion-flex-justify-content-flex-start fusion-content-layout-column\" style=\"background-position:left top;background-repeat:no-repeat;-webkit-background-size:cover;-moz-background-size:cover;-o-background-size:cover;background-size:cover;padding: 0px 0px 0px 0px;\"><div class=\"fusion-text fusion-text-1\"><h4>YEAR ENDED SEPTEMBER 30, 2023<\/h4>\n<\/div>\n<div class=\"table-2\">\n<table width=\"100%\">\n<tbody>\n<tr>\n<td align=\"left\"><\/td>\n<td style=\"text-align: right;\" align=\"left\"><strong style=\"color: #38939b;\">($ in thousands)<\/strong><br \/>\n<strong style=\"color: #000000;\">2023<\/strong><\/td>\n<\/tr>\n<tr>\n<td align=\"left\"><strong style=\"color: #38939b;\">FUNDS RECEIVED<\/strong><\/td>\n<td style=\"border-top: 2px solid #38939b;\" align=\"left\"><\/td>\n<\/tr>\n<tr>\n<td align=\"left\">Amounts charged for patient services<\/td>\n<td style=\"text-align: right;\" align=\"left\"><strong>28,262<\/strong><\/td>\n<\/tr>\n<tr>\n<td align=\"left\">Less portion not received due to Medicare, Medicaid and private insurance reimbursement rates paid at amounts less than charged<\/td>\n<td style=\"text-align: right;\" align=\"left\"><strong>(2,995)<\/strong><\/td>\n<\/tr>\n<tr>\n<td align=\"left\">Less portion of amounts charged not received due to lack of patient ability to pay<\/td>\n<td style=\"text-align: right;\" align=\"left\"><strong>(273)<\/strong><\/td>\n<\/tr>\n<tr>\n<td align=\"left\">Less portion of amounts charged that were provided to patients as free care<\/td>\n<td style=\"text-align: right;\" align=\"left\"><strong>(88)<\/strong><\/td>\n<\/tr>\n<tr>\n<td align=\"left\">Net payments received from services provided to patients<\/td>\n<td style=\"border-top: 2px solid #38939b; text-align: right;\" align=\"left\"><strong>24,906<\/strong><\/td>\n<\/tr>\n<tr>\n<td align=\"left\">Gifts, earnings on investments and other non-patient revenue<\/td>\n<td style=\"text-align: right;\" align=\"left\"><strong>17,182<\/strong><\/td>\n<\/tr>\n<tr style=\"border: 2px 0px 2px 0px solid #38939b; background: #eaf2f3;\">\n<td align=\"left\"><strong style=\"color: #38939b;\">TOTAL FUNDS RECEIVED<\/strong><\/td>\n<td style=\"text-align: right;\" align=\"left\"><strong><strong style=\"color: #38939b;\">42,088<\/strong><\/strong><\/td>\n<\/tr>\n<tr>\n<td align=\"left\"><\/td>\n<td align=\"left\"><\/td>\n<\/tr>\n<tr>\n<td align=\"left\"><strong style=\"color: #38939b;\">FUNDS EXPENDED<\/strong><\/td>\n<td align=\"left\"><\/td>\n<\/tr>\n<tr>\n<td align=\"left\">Salaries and benefits<\/td>\n<td style=\"text-align: right;\" align=\"left\"><strong>22,084<\/strong><\/td>\n<\/tr>\n<tr>\n<td align=\"left\">Professional fees, purchasing services, supplies and taxes<\/td>\n<td style=\"text-align: right;\" align=\"left\"><strong>8,593<\/strong><\/td>\n<\/tr>\n<tr>\n<td align=\"left\">Cost of facilities, depreciation, interest, other<\/td>\n<td style=\"text-align: right;\" align=\"left\"><strong>2,471<\/strong><\/td>\n<\/tr>\n<tr style=\"border: 0px 2px 0px 2px solid #38939b; background: #eaf2f3;\">\n<td align=\"left\"><strong style=\"color: #38939b;\">TOTAL FUNDS EXPENDED<\/strong><\/td>\n<td style=\"text-align: right;\" align=\"left\"><strong style=\"color: #38939b;\">33,148<\/strong><\/td>\n<\/tr>\n<tr>\n<td align=\"left\"><\/td>\n<td align=\"left\"><\/td>\n<\/tr>\n<tr style=\"border: 0px 2px 0px 2px solid #38939b; background: #eaf2f3;\">\n<td align=\"left\"><strong style=\"color: #38939b;\">AMOUNTS EARNED FOR FUTURE INVESTMENTS<br \/>\nIN PATIENT CARE AND COMMUNITY HEALTH PROGRAMS<\/strong><\/td>\n<td style=\"text-align: right;\" align=\"left\"><strong style=\"color: #38939b;\">8,940<\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div><style type=\"text\/css\">.fusion-body .fusion-builder-column-2{width:80% !important;}.fusion-builder-column-2 > .fusion-column-wrapper {padding-top : 0px !important;padding-right : 0px !important;margin-right : 1.225%;padding-bottom : 0px !important;padding-left : 0px !important;margin-left : 1.225%;}@media only screen and (max-width:1024px) {.fusion-body .fusion-builder-column-2{width:100% !important;order : 0;}.fusion-builder-column-2 > .fusion-column-wrapper {margin-right : 0.98%;margin-left : 0.98%;}}@media only screen and (max-width:640px) {.fusion-body .fusion-builder-column-2{width:100% !important;order : 0;}.fusion-builder-column-2 > .fusion-column-wrapper {margin-right : 0.98%;margin-left : 0.98%;}}<\/style><\/div><\/div><style type=\"text\/css\">.fusion-body .fusion-flex-container.fusion-builder-row-2{ padding-top : 0px;margin-top : 25px;padding-right : 10%;padding-bottom : 0px;margin-bottom : 30px;padding-left : 10%;}<\/style><\/div><\/p>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":16,"featured_media":0,"parent":4843,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"100-width.php","meta":{"_seopress_robots_primary_cat":"","_seopress_titles_title":"","_seopress_titles_desc":"","_seopress_robots_index":"","footnotes":""},"_links":{"self":[{"href":"https:\/\/annualreport.mhcah.org\/wp-json\/wp\/v2\/pages\/4856"}],"collection":[{"href":"https:\/\/annualreport.mhcah.org\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/annualreport.mhcah.org\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/annualreport.mhcah.org\/wp-json\/wp\/v2\/users\/16"}],"replies":[{"embeddable":true,"href":"https:\/\/annualreport.mhcah.org\/wp-json\/wp\/v2\/comments?post=4856"}],"version-history":[{"count":4,"href":"https:\/\/annualreport.mhcah.org\/wp-json\/wp\/v2\/pages\/4856\/revisions"}],"predecessor-version":[{"id":4866,"href":"https:\/\/annualreport.mhcah.org\/wp-json\/wp\/v2\/pages\/4856\/revisions\/4866"}],"up":[{"embeddable":true,"href":"https:\/\/annualreport.mhcah.org\/wp-json\/wp\/v2\/pages\/4843"}],"wp:attachment":[{"href":"https:\/\/annualreport.mhcah.org\/wp-json\/wp\/v2\/media?parent=4856"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}