Lancaster General Health Consolidated Statement of Operations and Changes in Net Assets

Years Ended June 30, 2015, 2014, and 2013 (in thousands of dollars)

Unrestricted net assets	2015	2014	2013
Unrestricted revenue and other support
Net patient service revenue	$1,029,372	$964,235	$914,301
Provision for bad debt	(47,305)	(43,875)	(41,425)
Net patient service revenue, less provision for bad debt	982,067	920,360	872,876
Medical services	10,704	10,604	10,031
Capitation revenue	—	587	1,524
Other revenue	42,122	35,424	31,017
Net assets released from restrictions for operations	2,184	1,769	3,980
Contributions	507	450	317
Total unrestricted revenue and other support	1,037,584	969,194	919,745
Expenses
Operating expenses	926,013	858,976	832,004
Depreciation and amortization	54,206	54,976	51,232
Interest	9,401	9,388	7,932
Provision for bad debts	103	136	112
Total expenses	989,723	923,235	891,279
Operating income	47,861	45,959	28,467

 

 

This statement encompasses the financial performance of all members of the Lancaster General Health system, including Lancaster General Hospital, Women & Babies Hospital, Lancaster General Health Physicians and Lancaster General Health Outpatient Facilities. As a not-for-profit organization, any profits realized at year-end are reinvested in new technology, our employees and facilities to better serve our community.

Note: The annual net operating revenues associated with joint-venture companies for which LG Health is a significant business partner, is approximately $90-95 million per year. For these entities, LG Health reports approximately 49 percent of its share of the net earnings of these joint ventures through non-operating income. When these are taken together with operating revenues and expenses shown above, the approximate and effective annual operating revenues associated with LG Health is approximately $1 billion, and its effective annual operating income is approximately $35 million in 2013, $54 million in 2014, and $57 million in 2015.