| AMBULATORY SURGERY CENTER |
| Statement of Operations |
| Fiscal Year ended December 31, 2018 |
| Revenues | 2018 Actual | 2018 Budget | Variance 2018-2020 | Variance % |
| Gross Patient Services Revenue | $ 13,894,746 | $ 13,988,832 | $ (94,086) | -1% |
| Contractual Adjustment | 7,879,621 | 7,910,846 | $ (31,225) | -0% |
| Charity Care Adjustment | 625,264 | 629,497 | $ (4,233) | -1% |
| Bad Debt Adjustment | 277,895 | 279,777 | $ (1,882) | -1% |
| NET PATIENT REVENUE | $ 5,111,966 | $ 5,168,712 | $ (56,746) | -1% |
| Other Revenue | - 0 | - 0 | - 0 |
| TOTAL OPERATING REVENUES | $ 5,111,966 | $ 5,168,712 | $ (56,746) | -1% |
| Expenses |
| Clinical Salaries Expense | $ 608,988 | $ 608,988 | $ - 0 | 0% |
| Clinical Benefits Expense | 91,348 | 91,348 | $ - 0 | 0% |
| Admin Salaries Expense | 228,660 | 228,660 | $ - 0 | 0% |
| Admin Benefits Expense | 34,299 | 34,299 | $ - 0 | 0% |
| Allocated Overhead Salaries And Benefits Expense | 250,000 | 250,000 | $ - 0 | 0% |
| TOTAL PERSONNEL EXPENSE | $ 1,213,295 | $ 1,213,295 | $ 0 | 0% |
| Drugs & Supply Expense | 1,558,905 | 1,549,491 | $ 9,414 | 1% |
| General & Administrative Expense | 200,000 | 200,000 | $ - 0 | 0% |
| Facilities & Equipment Expense | 300,000 | 300,000 | $ - 0 | 0% |
| Depreciation Expense | 812,143 | 812,143 | $ - 0 | 0% |
| Interest Expense | 323,612 | 323,612 | $ - 0 | 0% |
| Allocated Overhead Other Expenses | 40,000 | 40,000 | $ - 0 | 0% |
| TOTAL OPERATING EXPENSES | $ 4,447,955 | $ 4,438,540 | $ 9,415 | 0% |
| TOTAL OPERATING INCOME | $ 664,011 | $ 730,172 | $ (66,161) | -9% |
| Non Operating Income | - 0 | - 0 | - 0 | 0% |
| EXCESS OF REVENUES OVER EXPENSES | $ 664,011 | $ 730,172 | $ (66,161) | -9% |
| Operational Analysis |
| # Surgical Cases Per year | 3775 | 3775 | 0.0 | 0% |
| # of Ors needed per year | 2.5 | 2.5 | 0.0 | 0% |
| # FTEs per year | 14.8 | 14.8 | -0.0 | -0% |
| Ratio Analysis: |
| Operating margin % (Total Operating Income / Total Operating Revenue) | 13% | 14% | 10% | 71% |
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Part91.xlsx
